$XRP /USDT :

🧭 Market Structure Summary

Current Price: ~$2.1935

Trend: Short-term bearish with lower highs and recent BoS (Break of Structure) to the downside

Multiple CHoCHs (Change of Character) are present, confirming shifts in momentum.

Latest structure shows sideways consolidation just above the previous swing low.

🧱 Key Zones
🟥 Resistance (Sell-Side Liquidity)

$2.2100–$2.2200: Marked supply zone with clear rejection and lower high structure.

Downtrend line reinforces resistance in that region.

🟩 Support (Buy-Side Liquidity)

$2.1800–$2.1700: Recent BoS level and consolidation base.

Price wicked into this zone and showed a slight recovery, making it key for bulls.

📊 RSI Indicator

RSI (14): 56.14 – just above neutral

Shows mild recovery, but no clear bullish divergence yet.

RSI respecting the 40–60 zone, indicating consolidation with indecisive momentum.

🔄 Scenarios to Watch
🟢 Bullish Case

Price must break and close above the $2.2100 supply zone with conviction (volume, momentum).

If successful, targets include:

$2.2300 (minor supply)

$2.2500–$2.2600 (major supply and previous highs)

🔴 Bearish Risk

A break below $2.1800 structure could trigger further downside toward:

$2.1600 support

Possibly even $2.1400 depending on broader market

📌 Key Takeaways

Current price is in a range, consolidating between $2.1800–$2.2100.

Short-term bias is bearish unless we see a breakout above $2.2100.

RSI suggests neutral to slightly bullish recovery, but needs a catalyst.