XRP Bears in Control — Is This a Breakdown in the Making or a Classic Shakeout?
XRP is showing clear signs of weakness as sellers continue to dominate market momentum. After multiple failed attempts to break above the critical daily resistance near $1.96 on Sunday, XRP reversed sharply and declined by 2.66% over the next two sessions. As of Wednesday, the token is trading around $1.86, keeping bearish pressure firmly in play.
If the corrective move extends, XRP could slide toward a key support zone at $1.77, corresponding to the December 19 swing low — a level that may determine whether the market stabilizes or accelerates to the downside. A decisive break below this area could invite further liquidation and confirm a continuation of the broader downtrend.
Momentum indicators continue to favor the bears. On the daily timeframe, the RSI sits near 42, below the neutral 50 level, indicating that bearish momentum remains dominant. At the same time, MACD lines are converging, signaling growing indecision and caution among traders — often a sign that volatility may soon expand.
On the bullish scenario, a resurgence in buying interest could allow XRP to rebound and retest the key resistance zone around $1.96. However, only a strong daily close above this level would invalidate the bearish structure and shift momentum back in favor of the bulls.
Trade Setup (Short-Term):
🔻 Sell Entry: 1.92 – 1.96
🎯 TP1: 1.86
🎯 TP2: 1.77
❌ SL: 2.02
🔺 Buy Entry (Confirmation): Daily close above 1.96
🎯 TP: 2.10
❌ SL: 1.88
Is XRP preparing for another leg down — or setting a trap for impatient bears?
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