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.
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