$XRP Market Under Pressure – Bears Still in Control
$XRP is currently trading in a clear 4H downtrend, after facing a strong rejection near the $1.90 resistance zone. The price experienced a sharp sell-off toward the $1.60 area, indicating continued bearish momentum.
Although a long lower wick suggests some buyer interest, the recovery remains weak with no strong continuation, showing that bulls are still struggling to regain control.
Key Levels to Watch 👇
🔹 Support: $1.55 – $1.50
🔹 Resistance: $1.65 – $1.75
Trade Setup (Short Bias):
📍 Entry Zone: $1.57 – $1.61
🎯 Targets:
• $1.55
• $1.48
As long as $1.55 support holds, XRP could attempt a short-term relief bounce toward $1.65–$1.75.
However, a clean breakdown below $1.55 may trigger accelerated selling, opening the path toward $1.50 and below.
📉 Trend remains bearish until key resistance is reclaimed.
Trade with proper risk management.
