Traders are intensely focused on XRP this week as fresh technical signs suggest a possible rebound from a deeply watched support zone. The drama has spurred speculation that the token could be positioning itself for a strong short-term run.
The bullish bounce scenario stems from a chart analysis shared by STEPH IS CRYPTO. In his post, Steph highlights a 3D candlestick setup that emphasizes a support range between $2.00 and $2.18. According to him, previous bounces from this same range yielded gains of 40–75 percent, lending weight to the idea that history might repeat itself.
Technical Backdrop
XRP has recently hovered around $2.18, which aligns with the lower end of Steph’s support band. Short-term momentum indicators are showing signs of cooling bearish pressure, and some oscillators suggest the market may be oversold. These conditions create a window for tactical buyers to step in.
At the same time, XRP recently broke below critical levels, notably the $2.20 region, triggering a breakdown and increased selling pressure. That said, the $2.20 area has also been a defensive base, hinting at accumulation and a potential springboard for a recovery.
Support Strength and Demand Zones
Steph’s emphasis on the $2.00–$2.18 range resonates with broader market observations. Many analysts and traders see this as a high-liquidity zone where buyers previously entered aggressively. If XRP can reestablish firmness here, it could re-trigger liquidity-driven buying pressure.
Historically, when XRP revisits this area, strong bids emerge. That makes it more than just a psychological level — it’s a structurally meaningful zone. This aligns with the narrative that earlier buyers or institutional programs might re-enter here.
Risks and Longer-Term Constraints
However, the longer-term backdrop isn’t risk-free. Despite the potential for a short-term bounce, many technical metrics remain weak. On daily timeframes, XRP has formed lower highs and struggles to reclaim key resistance zones. Without a clear break above, bullish hopes could dissipate quickly.
Moreover, previous breakdowns below $2.20 occurred with surging volume. That suggests institutional selling remains a factor, and the conviction behind a bounce may be limited.
Catalysts to Watch
To validate the bounce thesis, traders will want to see confirmations: first, a clean daily close above resistance around $2.20–$2.28; second, sustained volume during the rebound rather than sporadic spikes; third, on-chain data that shows accumulation or reduced outflows to exchanges.
If these align, XRP could stage a meaningful up-leg. Some analysts even project targets in the $2.70 range over the medium term. But if the bounce fails or the breakdown resumes, downside risk may return toward $2.00 or below.
Strategic Takeaway
Steph’s support-zone call is compelling: the $2.00–$2.18 range has historical relevance and could trigger another strong bounce. But traders must manage risk tightly. Use defined entries, set stops below the key support band, and be cautious of exchange-induced flash moves. A confirmed bounce will require volume conviction and follow-through — not just a base retest.
In short, a “massive bounce” is possible, but it hinges on whether buyers show up with conviction again.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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