$XRP is still stuck in a clear downtrend and the pressure is obvious.
Price is holding just above a strong demand zone where a short term bounce can happen. Buyers are trying to defend this area, and a relief move would not be a surprise from here.
But the bigger picture stays bearish. Lower highs are intact and the descending trendline is still in control. Any bounce without a clean break and hold above that trendline is just a pullback.
If sellers step back even briefly, we can see a sharp reaction. If this demand fails, downside continuation comes fast.
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$XRP is still stuck in a clear downtrend and the pressure is obvious.
Price is holding just above a strong demand zone where a short term bounce can happen. Buyers are trying to defend this area, and a relief move would not be a surprise from here.
But the bigger picture stays bearish. Lower highs are intact and the descending trendline is still in control. Any bounce without a clean break and hold above that trendline is just a pullback.
If sellers step back even briefly, we can see a sharp reaction. If this demand fails, downside continuation comes fast.
Volatility is loading. This is a decision zone.
Eyes on structure. 🔥