XRP/USDT Technical Update 📉
$XRP is in a strong bearish trend on the 15m timeframe. Price has broken below key support near 1.28 and is trading around 1.23, making new intraday lows. All major MAs (MA7, MA25, MA99) are stacked bearish, showing strong selling pressure. Volume spiked on red candles, confirming panic selling.
Key Levels 🔍
Support: 1.20 – 1.18
Resistance: 1.28 – 1.34
If buyers fail to defend 1.20, further downside is likely. A short-term bounce is possible only if price reclaims 1.28 with volume. Trend remains bearish until then. ⚠️#WhenWillBTCRebound #WarshFedPolicyOutlook