$XRP /MXN — Short-Term Pullback but Holding the Line

Price: 38.200 MXN (+0.44%)

Intraday Range: High 41.200 – Low 38.032

Reason:

After a sharp volatility spike to 41.20, XRP retraced quickly and is now stabilizing near the lower end of today’s range. Volume has cooled, showing reduced aggressive selling, while MAs are flattening, hinting at a pause rather than a full trend reversal.

Key Levels:

Support: 38.00 – 38.20

Resistance: 39.30 / 41.20

Trend: Short-term bearish, but sellers are losing momentum near support.

Trade Idea:

If XRP holds above 38.00 and begins reclaiming 38.70, then a bounce toward 39.30 is likely.

If price breaks below 38.00 with volume, then expect deeper downside and weaker recovery attempts.

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