XRP is again in the spotlight, because the price action shows signs of weakening over several timetables. After a short period of relative stability, recent malfunctions on daily and intraday cards suggest a shift in the market momentum that traders cannot ignore. As Beararish start to falter pressure confirmations and critical support levels, the next movement of XRP has become an important topic – will it soon find its foot, or is it a deeper correction on the horizon?
The XRP key Bullish Divergence
X updateProminent crypto analyst Gowanus Monster emphasized a critical technical development for XRP. According to his analysis, token has completed a bearish -falling triangular formation over multiple timetables, a classic pattern that is often demonstrated at the disadvantage. Based on the measured movement of this structure, the projected goal is around $ 1.90, which suggests a potentially important retracement as a bearish Momentum.
The pattern goes out on the weekly graph and starts to evolve into a well -defined structure, with clear top and lower limits. Gowanus Monster noted that the current focus is in identifying a higher layer within this channel.
He also pointed to an important principle: when a price reflects from the upper limit of a falling channel, it is not possible to reach the lower limit, instead go out early, it often precedes a bullish breakout to the advantage. This nuanced behavior can, if confirmed, set the stage for XRP to defy the current Bearish structure and to ignite a new meeting beyond the boundaries of its channel.
Bear Trap Scenario: When sold over it meets the question
According to For crypto analyst GemBT, XRP remains firmly anchored in a short-term downtrend, with a price action that is currently traded among the advancing averages of 5, 10 and 20 periods. This coordination of advanced averages is a classic sign of persistent bearish Momentum, which suggests that sellers will continue to dominate the market in the short term.
Currently, the relative strength index (RSI) has fallen in the sold -up zone, which suggests an imminent reversal or a period of consolidation, since the market seeks a balance. In the meantime, the MACD line remains under the signal line, indicating that the downward pressure persists and that potential recovery can be confronted.
From the point of view of the price structure, GemBT identified important support of around $ 2.15, which could serve as a critical level for buyers to step in and defend. The advantage is the resistance near $ 2.25, a zone that Bulls should recover to move the sentiment in the short term. The recent increase in trading volume is worth mentioning, because it could introduce more volatility in the coming sessions, or speed up a demolition if the support fails or feeds a sharp recovery as sentiment flips.