JUST IN: Iranian Revolutionary Guard Corps claims right to require full coordination from passing vessels. This could raise regional risk premiums and affect shipping routes near Iran. $XRP (if relevant)

Technical Outlook: XRP Compresses After Breakdown, Range-Bound Near Key Support XRP remains within a broader corrective structure after rejecting from the upper Fibonacci region and failing to sustain price above mid-range resistance levels. The breakdown below $1.71 (0.236 Fib) triggered a continuation move toward the macro base near $1.11 (Fib 0). A strong reaction followed from this zone, with price now consolidating in a tight range between $1.37 – $1.45, signaling short-term compression after the impulsive drop. While selling pressure has slowed, the overall structure remains bearish unless key resistance zones are reclaimed. EMA Structure (Bearish Alignment Intact) 20 EMA: $1.42 50 EMA: $1.48 100 EMA: $1.66 200 EMA: $1.92 Price remains below all major EMAs, maintaining a clear bearish stack (20 < 50 < 100 < 200). The $1.42 – $1.50 zone is acting as immediate dynamic resistance. Failure to reclaim the 50 EMA suggests rallies are still corrective. Fibonacci & Market Structure 1.0 Fib (Cycle High): $3.66 0.786 Fib: $3.11 0.618 Fib: $2.69 0.5 Fib: $2.39 0.382 Fib: $2.09 0.236 Fib: $1.71 Fib 0: $1.11 The decisive loss of $1.71 confirmed continuation of the corrective phase. The $1.11 – $1.35 macro demand zone is currently holding as strong support, marking the first meaningful reaction after the selloff. Holding above $1.11 preserves broader structure. A breakdown below this level would signal a deeper structural shift. RSI Momentum RSI (14) is currently around 46–50, hovering near the midline. Momentum is neutral, indicating consolidation rather than strong trend continuation. A move above 50 with price breakout would support bullish recovery. 📊 Key Levels Resistance $1.42 (20 EMA) $1.48 (50 EMA / short-term reclaim zone) $2.09 (0.382 Fib) Support $1.37 (range base) $1.11 (macro base) Below $1.11 → structural breakdown risk 📌 Summary XRP is stabilizing after a sharp corrective move, consolidating just above its macro demand zone. The tight range formation suggests volatility compression, but the broader trend remains bearish under all key EMAs. Only a sustained reclaim of $1.48 – $2.09 would begin to shift momentum and reduce downside pressure. Until then, price action is likely to remain corrective, with $1.11 acting as the critical macro support level to watch. $XRP ‌#BTCBreaks$71000