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#XRP#
🚀XRP's recent movement can be described as dancing on the edge of a knife! 💃 Buyers are desperately trying to push the price above the 20-day moving average ($2.5), but the bears are holding their ground firmly, and both sides are truly at a standoff ⚡.
📉 The most critical support level right now is - $2.20! This is the price level that must be closely monitored in the short term. If it is broken by bears, XRP could continue to slide down to $2 or even $1.80, and that would be quite disastrous 🥶.
📈 However, if there's a rebound, brothers, don't get too excited—there will be a large number of shorts lurking above the 20-day moving average and the 50-day moving average (2.68 USD), which poses significant pressure 💣. If bulls want to turn the tables, they must forcefully push the price above the descending trend line; that would be the starting point for a reversal signal! 🔥
💡Summary:
👉 Holding at 2.20 = There is hope!
👉 Breaking below 2.20 = Dangerous!
👉 Breaking the downward trend line = Hope for a bullish restart!