ehtereum

🚨 $XRP Technical Analysis: The 1.0768 Trap & Key Downside Levels to Watch
The spike to 1.0768 was nothing but a trap. What followed has been a relentless unwind with sellers firmly in control.
As a trader, here are the critical downside levels I’m currently stalking:
1.0402 — Already tested today. This is the real line in the sand right now.
1.0322 — The prior swing low. A clean break below this level would confirm the breakdown.
1.0299 — Round-number psychological support. This could be the last meaningful stop before price action turns disorderly.
Current Snapshot $XRP (XRPUSDT Perpetual):
1.0671 (+2.5%)
The 6-period RSI is sitting at 28.44 — deeply oversold, yet showing zero signs of a bounce so far. On higher timeframes the damage is clear:
-7.58% on the week
-22%+ on the month
-22%+ on the quarter
This is not random noise. This is a structural downtrend. The rejection from 1.0768 wasn’t a pause — it was confirmation that the ceiling remains firmly intact.
For now, I’m watching how price reacts at these key support zones before even thinking about touching longs again #ehtereum