XRP/USD — 2H Technical Analysis

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XRP/USD — 2H Technical AnalysisXRP / U.S. dollarBITSTAMP:XRPUSDMarketStrategysignals📊 XRP/USD — 2H Technical Analysis 🟢 Market Structure XRP is trading inside a bullish ascending channel. Price has formed a sequence of higher highs and higher lows. The marked demand zone around 1.44–1.46 remains an important structural support. 🎯 Key Resistance / Order Block Price is currently testing the 1.60–1.63 order-block area. A strong breakout and 2H close above this zone could open the way toward the upper channel region. Rejection from the order block would increase the possibility of a pullback. 🔻 Pullback Scenario The chart indicates a potential retracement from the current resistance. First area to monitor: 1.54–1.50 Major support/demand: 1.46–1.44 A sustained break below the demand zone would weaken the current bullish structure. 🧠 Trade Plan Bullish: Break & retest above 1.60–1.63 → monitor continuation toward the upper channel. 🚀 Bearish: Rejection from 1.60–1.63 → monitor 1.54 → 1.50 → 1.46 as potential downside levels. 🔻 ⚠️ Risk Management Wait for confirmation around the marked zones rather than entering solely on the first touch. Keep SL placement and position size aligned with your own risk plan. 📌 Key levels: Resistance: 1.60–1.63 Support: 1.54 / 1.50 Demand: 1.44–1.46 Major support: ~1.2470 Technical analysis is scenario-based; the chart does not guarantee future price movement.