XRP has been attracting attention again as its price action shows signs of weakening across multiple schedules. After a brief period of relative stability, the latest collapse of daily and intraday charts suggests that market dynamics that traders cannot ignore have changed. As bearish pressure brackets and key support levels begin to flow, XRP’s next move has become a major theme – will it find its place soon, or will it correct it more deeply on the horizon?
XRP key bullish differences
In the X update, famous crypto analyst Gowanus Monster highlighted the important technological development of XRP. According to his analysis, the token has completed descending order of bearish triangles in multiple time ranges, a classic pattern where the signal usually continues to the disadvantage. Based on the measurement transfer from the structure, the projected target is about $1.90, indicating that it may reappear if there is no sustained momentum.
Scale into the weekly chart and the pattern begins to develop into a clear structure with clear upper and lower boundaries. Gowanus Monster noted that the current focus is on determining the higher lows in the channel.
He also pointed out a key principle: when prices rebound from the upper boundary of the downward channel, when prices return to the lower boundary rather than touching the lower as soon as possible, it is usually presented in an upward situation. If confirmed, this subtle behavior may constitute a stage of confrontation for XRP to defy the current bearish structure and ignite new gatherings within the range of its channel.
Bear Trap Scenario: When overselling meets demand
According to crypto analyst GemxBT, XRP is still firmly placed in a short-term downtrend, with current trading volumes for price action below the moving averages for stages 5, 10 and 20. This consistency of the moving average is a classic sign of the continued bearish momentum, which indicates that sellers continue to dominate the market in the short term.
Currently, the Relative Strength Index (RSI) has been immersed in the oversell area, indicating that the period of reversal or merger is about to be held as the market seeks equilibrium. Meanwhile, the MACD line remains below the signal line, indicating that downward pressure continues and any potential recovery may face a headwind.
From a price structure perspective, GEMXBT has identified key support around $2.15, which could be a key level for buyers to step in and defend. On the plus side, the resistance is close to $2.25 at $2.25, which is the area the bulls need to retract to change short-term sentiment. Recent volume increases are worth noting as it may introduce more volatility in future meetings, which can accelerate the collapse if support fails, or recover faster if emotions go backwards.
