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๐จ $XRP / USDT โ Market Update Alert ๐จ
$XRP is showing a short-term bounce within a broader downtrend. The move toward 1.95โ2.05 currently looks like a corrective rally rather than a full trend reversal โ unless price decisively breaks above the falling red trendline.
๐ Market Structure
The descending red trendline highlights sellers entering at lower highs, keeping overall control bearish.
The recent bottom near 1.77 (blue zone) held as strong support, triggering a rebound toward the 1.90โ2.00 area.
๐ Key Levels to Watch
Support
1.77โ1.80 โ Critical base. A confirmed close below this zone may open the door for further downside.
Resistance
2.00โ2.10 โ First major resistance (trendline + yellow zone).
2.25โ2.30 โ Next strong resistance if price breaks higher.
๐ฏ Direction Bias (High Probability)
As long as $XRP trades below the red trendline and under 2.10, the dominant bias remains bearish, and this bounce may fade near resistance.
A strong 4H close above the trendline and 2.10โ2.30 would increase the odds of a bullish trend shift, with potential upside toward 2.50+.
๐ง Conclusion
XRP is currently in a relief rally inside a larger downtrend.
Momentum only turns bullish after a confirmed breakout; otherwise, risk of continuation lower remains.
๐ Posting Line:
โTrend remains bearish. Current move looks like a relief bounce toward 2.0โ2.1. Only a clean breakout above the red trendline and 2.1โ2.3 confirms bullish reversal; a drop below 1.77 signals further sell-off.โ
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๐ฐ Price: 1.9335
๐ Change: +3.56%