๐ด $XRP LOSSES KEY LEVEL: SHORT-TERM STRUCTURE TURNS BEARISH
XRP slipped below $1.93 โ and that changes the near-term game.
After multiple failed attempts to break resistance, sellers regained control once support was retested.
๐ What Happened โข XRP dropped 2.6%, from $1.95 โ $1.90
โข Price failed to hold above the $1.93 Fibonacci pivot
โข Breakdown confirmed with +107% surge in volume
๐ Why It Matters The $1.93 level acted as a key consolidation pivot. Losing it signals a technical rejection, not a healthy pullback. Volume expansion confirms active distribution, not low-liquidity noise.
๐ Market Structure Shift โข From range expansion โ range rejection
โข Rallies below $1.93โ$1.95 are now corrective
โข Short-term control favors sellers
๐ Key Levels to Watch โข Resistance: $1.93 โ $1.95
โข Support: $1.88 โ $1.90
โ ๏ธ Outlook As long as XRP remains capped below $1.93, upside attempts lack trend-changing strength. A reclaim could flip momentum โ failure keeps downside pressure active.
#XRP #CryptoMarket #TechnicalAnalysis $XRP
