General trend (Monthly) for XRP
The trend is still bullish in the long term, as the recent movement is a strong correction after a price explosion and not a breakdown of the trend structure.
The current monthly candle shows a correction from a strong peak (~3.66), which is normal after a sharp rise.
📊 Moving Averages
The price is still above MA(25) → this is very positive monthly.
As long as the monthly close is above 1.55 – 1.60, the bullish trend remains intact.
📉 RSI Indicator (Monthly)
RSI is at neutral areas leaning towards correction (not oversold).
This means:
The correction has not necessarily ended
But there is no serious weakness so far.
🧱 Support and Resistance Areas (Monthly)
Strong Support:
1.60 – 1.55 (Most important monthly support)
Then 1.30 in case of breaking the first support (negative scenario)
Resistance:
2.35
2.90
Previous peak: 3.60 – 3.70
🧭 Expected Scenarios
✅ Positive Scenario (most likely):
Consolidation above 1.60
Accumulation for several weeks
Then retest 2.35 → 2.90
⚠️ Negative Scenario:
Clear monthly close below 1.55
Then the correction extends to 1.30
📝 Summary
Monthly: The trend is bullish but in a correction phase
Not a panic sell area
Suitable areas for monitoring or gradual buying are near 1.60
Upcoming medium-term targets: 2.35 then 2.90
