📉 Ripple $XRP Technical Analysis Report

Ripple is currently moving within an established horizontal trend channel over the medium to long term — suggesting a phase of sideways consolidation and indecision in the broader market. However, recent movements have shown signs of weakness.

🔻 The coin has broken below the key support level at 2.60 USDT, a bearish signal indicating potential continuation of the downward trajectory. This breakdown shifts market sentiment toward caution, as 2.60 USDT now acts as a new resistance zone — meaning any short-term rebound could face selling pressure around that level.

📊 The negative volume balance reveals that trading volume is heavier on days when prices fall, compared to days when prices rise. This imbalance suggests declining investor confidence and a growing risk of extended downside movement.

💡 Outlook:

Overall, Ripple’s technical structure is bearish in the medium to long term. Unless it reclaims 2.60 USDT with strong momentum and volume, further declines remain likely. Traders should maintain a cautious stance and prioritize risk management.

📌 Conclusion: XRP shows technical weakness — rallies may be short-lived unless key resistance levels are decisively broken.
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