đ» XRP Under Pressure: Bears Tighten Grip, Breakdown Risk Ahead đ»đ
Trend? Itâs pretty clear: the short-term is bearish, and honestly, the bigger picture isnât much better. Weâre stuck between bearish and neutral. Price keeps slipping, making lower highs and lower lows
Now for the bearish side:
MA(7) is at 2.0166,
MA(25) at 2.0212
MA(99) up at 2.0883
but price is hovering around 1.999âbelow every single one.
RSI? Itâs down near 30.45. Thatâs almost oversold territory, so sellers are running the show right now.
Most recent swing low hit around 1.9692.
If we canât get back above 2.02,
the bears stay in charge.
Thereâs some support between 1.95
and 1.97.
Buyers have stepped in there before, so it wouldnât be weird to see some sideways price action.
Key levels to keep an eye on:
Support: 1.97â1.95. If that cracks, next stop is probably 1.90â1.88.
Resistance: First, 2.02â2.04. If price pushes through that, the bigger test is 2.08â2.10 (right where MA99 hangs out).
So what could happen next?
If price drops under 1.95
look for a slide toward 1.90.
Bears stay in control as long as weâre under 2.02.
If buyers defend 1.95â1.97
we get a bounce to 2.02â2.05.
Still, unless price breaks and stays above 2.10 flip