There are several other factors contributing to XRP bearishness, but here we’ll focus solely on the chart.
Since XRP made its major bullish move to $3, followed by a period of consolidation, it has consistently hovered around a strong supply zone between $2.5 and $2.6.
To me, this was a clear sign of a potential dip, which is exactly why I’ve never prioritized buying XRP for swing trades.
It’s clear that the market has been consolidating within the $2.7–$2.5 supply zone since February — nearly five months now.
For the past five months, XRP has been ranging around this key supply zone, which has held strong for almost half a year.
Now, with negative news impacting the market and increasing tension, XRP is likely to dip into the demand zone below. While there may be opportunities to take advantage of the volatility, I strongly advise traders to avoid buying XRPaltogether, especially for swing trades.
Our main focus should be on the supply zone that has been consistently respected. The formation of lower highs and lower lows further confirms the bearish trend.
I guess you can see it some how clearly here…⬆️⬆️
Let dive in to the basic structure
I’ve explained the concept of lower lows several times, but this time, I’ll break it down even further and use a diagram to analyze it clearly once and for all.
If you closely examine my chart and the price levels marked, you’ll notice that with each price tag, the value keeps dropping — starting from $1.9151, then down to $1.7892, and finally to the recent low at $1.5933.
Relevant zones
There are a few key zones to watch during this dip.
The first is between $1.60–$1.75, which I’m currently monitoring. While there’s a chance of a breakout, I’ll be watching closely for any opportunities to take advantage of.
If the price breaks below that zone, the next support area below is one I expect to potentially hold in case of a deeper crash 💥.
For now, a drop is likely—whether it holds at the first or second zone depends entirely on market tension and fundamentals. We’ll approach it step by step.
This clearly signals that $XRP is in a downtrending market.
I’ve received several questions from people asking for analysis on meme coins like $NEIRO and $DOGS etc. But as I’ve said before, I strongly advise traders to stay away from these shitcoins.
Yes, every coin experiences dumps—but when it comes to shitcoins, the crashes are usually much more severe. That’s exactly why they’re best avoided.
Don’t jump into these coins before checking with me—because by the time I say something, it’s probably already too late for you.
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