🚨 $XRP Imminent Breakdown or Bull Trap? 📉

Bears are tightening their grip on $XRP, pushing it towards a critical support zone within a descending channel. Expect a fierce battle between $1.61 and the channel’s support – this is where bulls MUST defend.

However, rallies won’t be easy. The 20-day EMA at $2.03 and the 50-day SMA at $2.18 will likely act as strong resistance. Failure to hold above these levels could trigger a significant drop, potentially revisiting the October 10th low of $1.25.A break *above* that descending trend line? Now *that* would signal a potential shift in momentum. 👀

#XRP #CryptoAnalysis #TechnicalAnalysis #Ripple 🚀

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