On the weekly timeframe, $XRP is sitting at a critical weekly support. Looking left, every time price hits this zone, it tends to rebound so a bounce is definitely possible M
But volume during this consolidation is weak, and any upside move may just be forming a right shoulder before a bigger bearish trend kicks in
Momentum isn't helping either:
RSI below 50
MACD in bearish territory
So yes, a rebound is likely but don't expect a full rally yet
