$XRP long liquidation adds to an already weak short-term structure, with daily momentum indicators showing caution and price trading near support. The market needs to reclaim resistance to establish a credible recovery; a breakdown could expose the next lower liquidity pocket.
Support: $1.271, then $1.245
Resistance: $1.327, then $1.355
Next Target: $1.245 if support fails; $1.355 if buyers reclaim resistance.
Invalidation: A sustained move above $1.355 would weaken the immediate bearish outlook.
If XRP breaks below $1.271, downside momentum could continue toward the next support. If buyers reclaim $1.327, a relief recovery becomes more plausible. Wait for a confirmed break rather than assuming the liquidation marks a bottom.
Let's go $XRP 🚀
Support: $1.271, then $1.245
Resistance: $1.327, then $1.355
Next Target: $1.245 if support fails; $1.355 if buyers reclaim resistance.
Invalidation: A sustained move above $1.355 would weaken the immediate bearish outlook.
If XRP breaks below $1.271, downside momentum could continue toward the next support. If buyers reclaim $1.327, a relief recovery becomes more plausible. Wait for a confirmed break rather than assuming the liquidation marks a bottom.
Let's go $XRP 🚀