Technical analysis by Mentor_Michael03 about Symbol XRP: Buy recommendation (7/23/2025)

XRP/USD H1 Educational Market Analysis – Support-Based Long Opportunity 🔍 Structure Overview: •Support Zone: $3.21 – $3.23 This level has acted as a strong liquidity pool and base for past bullish moves. Price has tapped into it, showing signs of potential demand returning. •Resistance Zone: $3.65 – $3.70 Acts as a key supply zone, where previous bullish attempts failed. Targeting this area after a rebound is technically sound if structure confirms. ⸻ 🔄 Price Action Insights (H1): •Price broke down through EMAs (20/50/100/200), confirming short-term bearish pressure. •A rejection wick from support hints at possible absorption of selling pressure. •If price forms a higher low structure above $3.25 and reclaims EMAs, a potential bullish reversal may unfold. ⸻ 🧠 Educational Note: •H1 charts are ideal for intraday strategies, and this structure provides a clear example of: •Support-resistance dynamics •The use of EMAs as trend confirmation tools •Reversal vs. continuation setups ⸻ 🎯 Intraday Bullish Scenario: •If price holds above $3.21 and breaks above the $3.40 (EMA cluster), bulls may push toward the $3.55290 target. •This level aligns with the mid-range of the resistance zone, offering scalp-to-swing potential. ⸻ 🚫 Bearish Risk: •Failure to hold $3.21 could lead to a deeper correction toward $3.10 or even $3.00. •Confirmation of bearish continuation would be a lower high rejection from EMAs without reclaiming them. ⸻ 📌 Summary: On the H1 chart, XRP is at a critical support. Watch for a clean bounce and break above EMAs for a move toward $3.55. However, losing $3.21 could attract further downside. Use price action confirmation before entries.