🔍 Market Overview
XRP price around $1.31–$1.32
Trading below all major moving averages → confirmed downtrend �
Phemex
Stuck in a range: $1.26 support – $1.35 resistance �
Finance Magnates
Broader crypto market also weak due to macro + war tensions �
Barron's
📉 Bearish Scenario (Preferred)
If $1.31 support breaks → dump likely
Targets:
$1.26
$1.20 (major liquidity zone) �
Binance
👉 Reason:
Price below MAs + descending channel
Weak momentum, no strong buyers yet
📈 Bullish Scenario (Only if breakout)
If $1.335–$1.35 reclaimed
Targets:
$1.36 → $1.50 zone �
Binance
👉 Reason:
Range breakout = short squeeze + relief rally
⚡ Key Levels
Support: $1.31 / $1.26
Resistance: $1.35 / $1.50
🧠 Final Call
👉 Short on resistance (1.33–1.35)
👉 Long only after breakout + confirmation