$XRP is currently trading around $1.75, showing short-term weakness after a strong rally earlier this month that peaked near $2.41. Since then, price has been in a clear corrective phase, forming lower highs and lower lows on the 4-hour timeframe.
🔍 Key Technical Observations:
Major Resistance: $1.90 – $2.00
This zone previously acted as strong support and is now a resistance area. A break above it is needed to shift momentum bullish again.
Current Support Zone: $1.70 – $1.72
Price recently tested this area, which is acting as an important demand zone.
Downside Risk: If $1.70 fails, next support lies near $1.65.
📉 Market Structure:
Overall structure remains bearish in the short term.
Selling pressure is visible, but momentum is slowing near support, suggesting a possible relief bounce.
No strong reversal confirmation yet; price needs consolidation or a higher low to signal strength.
📈 What to Watch Next:
Holding above $1.70 could lead to a short-term recovery toward $1.80–$1.85.
A strong bullish confirmation would require reclaiming $1.90+ with volume.
Breakdown below support may extend the correction.
⚠️ Conclusion:
$XRP is at a critical decision zone. Conservative traders may wait for confirmation, while aggressive traders should manage risk carefully near support levels.
This is market analysis, not financial advice. Always use proper risk management.
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