The XRP has broken key structural support and now trades at $1.9432. This level reflects weakness following a failed hold above the psychological and technical zone of $2.0390, which previously acted as a consolidation base.
Major Patterns
- Bearish Continuation Flag (4H):
After a steep drop to $1.69, XRP formed a consolidation channel between $1.82 and $1.90, resembling a bear flag. This typically signals continuation to the downside. A break below $1.82 could confirm further selloff.
- Head and Shoulders Breakdown (Daily):
The daily chart shows a large head and shoulders pattern that broke down from the neckline at $2.03. This pattern implies a medium-term bearish outlook, with targets projecting toward $1.50–$1.60.
- Double Bottom Attempt (15M):
In the short term, a possible double-bottom has formed around $1.69, hinting at a potential bounce. However, confirmation above $1.90 is needed for reversal validation.
Indicators Analysis
- Bollinger Bands:
On the 4H and daily charts, price trades near or below the lower Bollinger Band, suggesting high volatility and oversold territory. A reversion to the mean toward the mid-band ($1.97–$2.03) is possible in the short term but faces heavy resistance.
- MACD:
The MACD shows weak recovery signs. On the 4H, histogram bars are turning lighter red, and a bullish crossover may be forming, indicating a slowing bearish momentum. However, confirmation is still pending.
- RSI:
The RSI on the 4H and 1H hovers between 35–40, reflecting bearish bias but not oversold, leaving room for further downside. On the 15M chart, RSI has bounced from oversold territory, offering a short-lived relief rally potential.
- Volume:
Volume surged during the breakdown, signaling strong selling pressure. However, recent candles show declining volume on green candles—suggesting that buyers lack conviction.
Support & Resistance Levels
- Resistance: $1.90, $2.03, $2.26
- Support: $1.82, $1.69, $1.50
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Trade Setup
- Short Entry: $1.90–$1.95 (near upper channel resistance)
- Stop Loss: $2.10 (above structure)
- Take Profit 1: $1.70
- Take Profit 2: $1.50
- Long Entry (Bounce Play): $1.70 (with tight stop)
- Target: $1.90–$2.00 (watch volume)
Fundamental Perspective
XRP faces headwinds due to ongoing SEC litigation, with investor confidence tightly correlated to court outcomes. Additionally, lackluster crypto market sentiment and broader macroeconomic tightening are weighing on altcoins. Despite Ripple’s growing institutional use cases globally, technical structure dominates price direction in the short term.
Future Direction
XRP remains vulnerable below $2.03, and without bullish momentum or fundamental catalyst, bearish continuation toward $1.70–$1.50 is likely. A reclaim of $2.05 with volume would be the first sign of a reversal.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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