$XRP experienced a sharp and aggressive sell-off recently, breaking multiple support levels and pushing price quickly down to the 1.68–1.70 area. 📉 This rapid move suggests emotional selling rather than a controlled downtrend.

After reaching this zone, $XRP showed a clear reaction with buyers stepping in, forming long lower wicks, and slowing selling pressure. ✅ This highlights 1.68–1.72 as a crucial demand area where buyers are actively defending the price. 🛡️

Following this reaction, $XRP bounced back toward the 1.76–1.78 zone and is now trying to stabilize. ⬆️ This move higher should be viewed as a relief bounce, not a confirmed trend reversal. On the higher timeframe, $XRP remains below major resistance, indicating the broader structure is still bearish despite the short-term recovery. 🔄

The 1.76–1.80 area is the key zone to watch on the upside. ⚠️ This region previously acted as support and is now likely to function as resistance. As long as $XRP stays below this zone, sellers remain in control, and downside pressure could resume. 🛑

A clean break above 1.80 could open a move toward 1.85–1.88, but this area should be treated as a reaction zone, not a signal of trend change.

On the downside, a loss of 1.70–1.68 with strong volume would invalidate the bounce idea and could push price toward 1.62–1.60, where the next reaction may occur. 🎯

If you are short from higher levels, this bounce doesn't invalidate the bearish bias, but manage risk carefully near support. Avoid adding shorts near the lows. 🧐 For longs from the demand zone, patience is reasonable while price holds above 1.68, but taking partial profit near resistance is wise. 📊

Market sentiment remains cautious, favoring consolidation and level-based trading over chasing moves.

#FedHoldsRates #MarketCorrection
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