Technical View on XRP: Bearish Pressure Near Support Zone XRP continues to trade within a well-defined downtrend channel, with recent price action showing consolidation above a key support — a structure often preceding a continuation downward. Currently, XRP is trading around $1.29–$1.34, struggling to maintain short-term support with failure to reclaim higher resistance levels. Moving Average Structure (Bearish Continuation Pattern) 20 EMA: $1.37 50 EMA: $1.44 100 EMA: $1.61 200 EMA: $1.87 Price remains below all major moving averages Repeated rejection at the 20 and 50 EMA clusters Wide gap between 100 and 200 EMA → Strong weakness on the broader scale Confirmation of moving average alignment continues the bearish structure Fibonacci Levels and Structure 0.786 Fib: $3.11 0.618 Fib: $2.69 0.5 Fib: $2.39 0.382 Fib: $2.09 0.236 Fib: $1.71 Fib 0: $1.11 Price is trading below 0.236 ($1.71), confirming breakdown from the higher timeframe structure Current Range: $1.28–$1.37 Price is pressing near support within the downtrend channel Market Structure Overview Clear downtrend channel remains intact Continued formation of lower highs and lower lows Weak rebound attempts fail below resistance Liquidity stabilizes below $1.28 support Pressure indicates a potential breakdown RSI Momentum RSI: 36–43 Below neutral 50 → Bearish momentum No strong bullish divergence Momentum still leans toward the downside 📊 Key Levels Resistance $1.34–$1.37 (Short-term resistance / EMA zone) $1.44 (50 EMA) $1.71 (0.236 Fib – Major resistance level) Support $1.28 (Range support) $1.20–$1.15 (Demand zone) $1.11 (Major support / Fib 0) 📌 Summary XRP is positioned near the range support within a strong downtrend, showing weakness rather than accumulation. Failure to reclaim $1.35–$1.40 maintains downward pressure. Range pressure near support increases the likelihood of a breakdown. Overall structure remains bearish unless a reversal occurs. 📉 Scenarios 🔴 Bearish Scenario: Break below $1.28 → Target $1.20 → $1.11 🟢 Bullish Scenario: Reclaim $1.37 → Push toward $1.44 → $1.60 XRP is approaching a major breakdown zone, and ongoing weakness could trigger the next phase of broader downward movement. $XRP ‌ #CryptoMarketSeesVolatility #IsraelStrikesIranBTCPlunges

XRP’s longest slump in a decade collides with Ripple’s $13 trillion institutional push via @hardeyjumoh

Iranian Deputy Foreign Minister: studying fee for ships passing through the Strait of Hormuz. Could signal heightened shipping/tankeriness risk implications for crypto-related trade routes? $BTC or $XRP