$XRP FACES HEAVY SELLING PRESSURE! CAN BUYERS DEFEND THE $1.0930 LOW?
I'm watching XRP closely on the 15M chart. Price is currently trading around $1.1161, down 3.89% over 24 hours after a sharp decline from the $1.1699 high.
Sellers have maintained control throughout the recent downtrend. However, buyers stepped in near $1.0930, triggering a recovery. XRP is now consolidating around $1.1160, but the bullish reversal is not confirmed yet.
Key Market Levels:
- Current Price: $1.1161
- Immediate Support: $1.1061
- Major Support: $1.0930
- Immediate Resistance: $1.1230
- Resistance 2: $1.1399
- Major Resistance: $1.1568
- Higher Resistance: $1.1699
Volume & Market Participation:
24H Trading Volume: $116.57M
24H XRP Volume: 102.80M XRP
24H Change: -3.89%
The recent volatility shows strong market participation, but sellers have dominated the broader move. I want to see stronger buying pressure before expecting a sustained recovery.
My Trading Plan:
I'm watching the $1.1061–$1.0930 zone for a potential spot accumulation opportunity.
If XRP holds this area and reclaims $1.1230 with strong buying volume, I'll watch for a move toward $1.1399 and potentially $1.1568.
A breakdown below $1.0930 would invalidate my bullish recovery setup.
My Take:
I'm staying patient rather than chasing the current bounce. XRP needs to reclaim $1.1230 and establish stronger support before I become more confident in a recovery.
The next move around this resistance could determine whether buyers regain control or sellers continue pushing the price lower.
I'm watching XRP closely on the 15M chart. Price is currently trading around $1.1161, down 3.89% over 24 hours after a sharp decline from the $1.1699 high.
Sellers have maintained control throughout the recent downtrend. However, buyers stepped in near $1.0930, triggering a recovery. XRP is now consolidating around $1.1160, but the bullish reversal is not confirmed yet.
Key Market Levels:
- Current Price: $1.1161
- Immediate Support: $1.1061
- Major Support: $1.0930
- Immediate Resistance: $1.1230
- Resistance 2: $1.1399
- Major Resistance: $1.1568
- Higher Resistance: $1.1699
Volume & Market Participation:
24H Trading Volume: $116.57M
24H XRP Volume: 102.80M XRP
24H Change: -3.89%
The recent volatility shows strong market participation, but sellers have dominated the broader move. I want to see stronger buying pressure before expecting a sustained recovery.
My Trading Plan:
I'm watching the $1.1061–$1.0930 zone for a potential spot accumulation opportunity.
If XRP holds this area and reclaims $1.1230 with strong buying volume, I'll watch for a move toward $1.1399 and potentially $1.1568.
A breakdown below $1.0930 would invalidate my bullish recovery setup.
My Take:
I'm staying patient rather than chasing the current bounce. XRP needs to reclaim $1.1230 and establish stronger support before I become more confident in a recovery.
The next move around this resistance could determine whether buyers regain control or sellers continue pushing the price lower.
