XRP - Watching the Confluence Zone for a Bullish Rebound!

📉XRP has been in a clear bearish channel for months, forming consistent lower highs and lower lows.

However, the current structure is approaching a critical confluence zone, where the lower bound of the red channel meets the major green support area between $1.75 and $2.00.

⚔️As long as this intersection holds, I’ll be looking for potential long opportunities, anticipating a short-term bullish correction toward the upper boundary of the channel.

This setup offers a clean risk-to-reward opportunity if the bulls manage to defend the zone and regain momentum.

If the support gives way, further downside could follow, but for now, this area remains a key decision point for XRP’s next move.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📊All Strategies Are Good; If Managed Properly!
~Richard Nasr