$XRP is trading around 1.1123 after a sharp rejection from the 1.18 region. Sellers continue to dominate the short-term structure, with price trading below major moving averages and momentum favoring the downside. However, price is approaching a critical demand zone where a relief bounce could emerge.

📊 Market Overview

The 1H chart shows a clear bearish trend with lower highs and lower lows. Recent selling pressure pushed $XRP toward the session low near 1.1066. Unless buyers reclaim key resistance levels, rallies may continue to face heavy selling.

🎯 Trade Targets

Bullish Scenario

Target 1: 1.1200

Target 2: 1.1380

Target 3: 1.1550

Bearish Scenario

Target 1: 1.1060

Target 2: 1.0950

Target 3: 1.0800

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