XRP is navigating a complex landscape today, with technical indicators pointing to continued downside pressure while the market absorbs news of a significant scam. The broader crypto space is showing mixed signals, but for $XRP specifically, traders are closely watching how price interacts with critical overhead resistance. Driving the current sentiment for XRP is a recent report from Seoul police, who have referred two individuals to prosecutors for operating a fraudulent Flare Network impersonation site. This scam siphoned 3.4 million XRP, equivalent to 0.5 million, from 71 investors. While authorities have successfully frozen 1.9 million (17.3 billion won) in linked assets, the event is largely seen as neutral for XRP's price action, as it's a phishing scam rather than a protocol exploit. However, the potential for future sell pressure if these frozen assets are eventually liquidated remains a watch point. Our projection suggests that if price continues to hold below this 1.0897-1.0917 resistance, we should anticipate a rotation through the 1.0803 fast EMA pivot. The next likely target for sellers would be the 1.0718 sell-side liquidity pool, located below a key swing low. Reclaiming and holding above 1.0917 would delay this bearish path, but for now, the path of least resistance appears to be down. First, monitor XRP's interaction with the 1.0897-1.0917 bearish supply zone. A convincing reclaim of 1.0917 is necessary to invalidate the current bearish bias and signal a potential shift in momentum. Second, observe how price reacts if it reaches the 1.0718 sell-side liquidity. A strong bounce could indicate accumulation, while a swift break below would confirm further downside toward the 1.0445 low. Third, keep an eye on any developments regarding the 1.9 million XRP frozen by Seoul police; their eventual disposition could introduce additional market dynamics. More analysis like this posted every day in the group, check my bio for details