🔹 **XRPUSDT** has experienced a sharp bearish breakdown below its rising support trendline, confirming a shift in market structure from consolidation to bearish momentum. The price has also broken out of the contracting triangle pattern, with sellers maintaining control after repeated rejections along descending resistance. The previous liquidity area around 1.30–1.37 now appears to act as overhead resistance, while price continues to approach the highlighted support zone around 0.87–0.96.
🔸 The highlighted support zone could become an important reaction area where buyers may attempt a recovery. If XRPUSDT shows strong bullish price action and reclaims broken trendline support, a corrective move toward previous resistance could develop. However, traders may wait for clear price confirmation before considering any trade. If the support zone fails to hold, further bearish continuation and a deeper downside move could remain possible. This technical analysis focuses on the evolving XRP market structure and key liquidity levels.
*This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.*
🔸 The highlighted support zone could become an important reaction area where buyers may attempt a recovery. If XRPUSDT shows strong bullish price action and reclaims broken trendline support, a corrective move toward previous resistance could develop. However, traders may wait for clear price confirmation before considering any trade. If the support zone fails to hold, further bearish continuation and a deeper downside move could remain possible. This technical analysis focuses on the evolving XRP market structure and key liquidity levels.
*This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.*
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.