XRP Holds $2.06 Support as 1H Stochastic RSI Resets — Breakout to $2.50 Possible
XRP is consolidating after a market rally, with bulls defending a key support at $2.06 on the 15‑minute and 1‑hour charts. Intraday action shows tight range trading around $2.09 and repeated retests of $2.06 met by heavy buying, suggesting accumulation by large holders. The 1‑hour Stochastic RSI has dipped into oversold levels — a classic reset that can precede rapid upward moves if support holds. Immediate resistance sits at $2.12, followed by a major pivot near $2.20; flipping $2.20 to support could trigger retail FOMO. A sustained breakout and continued liquidity inflows could put XRP on track to retest the $2.40–$2.50 zone. Traders should watch the $2.06 support, the 1‑hour Stochastic RSI recovery, and breaks of $2.12 and $2.20 for entry/exit signals. Risk management and using high‑liquidity exchanges and secure custody are recommended.
Bullish
The article signals a bullish bias for XRP. Key reasons: (1) Strong, repeatedly defended support at $2.06 with long lower wicks indicates institutional/whale buying and accumulation rather than capitulation; (2) The 1‑hour Stochastic RSI has reset into oversold territory while price holds support — historically this pattern often precedes impulsive rallies when momentum indicators recover; (3) Clear, nearby resistance levels ($2.12 and $2.20) provide well-defined breakout targets that can attract retail FOMO once cleared, accelerating upside. Comparable scenarios include altcoin rebounds where sustained support plus an RSI reset led to fast rallies (e.g., previous XRP and altcoin bounces after major corrections in 2024–2025). Short‑term impact: higher probability of a volatile breakout to the upside if $2.12 and $2.20 are taken out; traders may look for long entries on confirmed break or Stochastic RSI cross back above signal lines. Long‑term impact: if macro liquidity remains supportive and XRP flips $2.20 to support, the token could resume a broader uptrend toward $2.40–$2.50 and beyond. Risks: failure to hold $2.06 would negate the bullish case and could lead to accelerated downside; false breakouts are possible, so strict risk management and position sizing are advised.