$XRP

XRP
XRP
1.9139
+2.52%

On the daily timeframe, XRP remains firmly below the descending trendline that has capped price action since the major breakdown from higher levels. This trendline continues to act as a dominant dynamic resistance, and each approach toward it has resulted in renewed selling pressure.

The price is also trading below both the 100-day and 200-day moving averages, reinforcing the bearish-to-neutral bias. The primary overhead supply zone is located around the $2.4 to $2.5 region, where previous breakdowns and failed reclaim attempts occurred. As long as XRP remains below this area, upside moves are likely to remain corrective.

On the downside, XRP is currently trading just above a major demand zone around the $1.7 to $1.8 range. This zone has historically attracted buyers and represents the most important structural support on the daily chart. A sustained daily close below this region would significantly weaken the market structure and expose deeper downside risk.

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