XRPUSDT.P is maintaining a mixed-to-bearish market structure on the 15-minute timeframe, with price currently trading around the $2.3069 region after a corrective bounce. The pair continues to respect a sequence of lower highs and lower lows, suggesting that bearish momentum remains intact.
A potential short-term rally toward the $2.3347 resistance zone could occur before sellers reassert control. A rejection from this level may trigger a downside continuation toward the $2.1995 support target, aligning with the broader bearish projection shown.
However, a sustained breakout above the $2.3347 resistance and the invalidation level near $2.37 would negate this bearish scenario and signal a possible short-term bullish reversal.
A potential short-term rally toward the $2.3347 resistance zone could occur before sellers reassert control. A rejection from this level may trigger a downside continuation toward the $2.1995 support target, aligning with the broader bearish projection shown.
However, a sustained breakout above the $2.3347 resistance and the invalidation level near $2.37 would negate this bearish scenario and signal a possible short-term bullish reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.