$XRP On the hourly chart, XRP demonstrates a pronounced bearish microstructure, where successive lower highs and lows form a clearly defined downward trend.
Spikes in volume on red candles confirm that the selling momentum remains dominant in this timeframe.
The price is consolidating around $2.87, indicating uncertainty and the possibility of a short-term reaction. A bullish reversal pattern near this level, such as a 'hammer' or 'bullish engulfing', could trigger a speculative bounce, although risk management remains critical.
If $2.87 is convincingly breached, the next target level for decline is seen between $2.75 and $2.70.
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The 4-hour chart reflects a pronounced downward trend, catalyzed by the inability to return to the resistance level of $3.10.
An earlier rejection near $3.35 signaled a reversal, which was further confirmed by strong bearish volume on subsequent breakouts.
XRP has repeatedly tested support at the level of $2.87, indicating increased vulnerability to a breakout. While aggressive traders may attempt to open a speculative long position near this level, confirmation is crucial. A break below $2.87 with accompanying volume could accelerate losses to the range of $2.70.
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On the daily chart, XRP has formed a completed double top with a subsequent rounded peak, indicating trend exhaustion after a rally from approximately $2.20 to the recent high of $3.66.
The pullback was accompanied by an increase in the volume of red candles, highlighting the prevailing bearish sentiment.
Support is consolidating around $2.87–$2.90, corresponding to a short-term defensive position in the broader market.
As long as the price does not reclaim the level of $3.00 with strong volume confirmation, traders are likely to remain cautious or lean towards a bearish trend.
Resistance in the range of $3.10–$3.30 may serve as a ceiling for any relief rallies in the near future.
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Bullish Verdict:
The bullish scenario remains possible if XRP holds above the support of $2.87 with volume-based confirmation and returns to the resistance zone of $3.00–$3.10.
In this case, a recovery to the range of $3.30 may occur, possibly resuming a broader upward trend supported by favorable long-term moving averages.
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Bearish Verdict:
The bearish outlook prevails if XRP decisively breaks the support level of $2.87, subjecting the asset to increased downward pressure to the level of $2.70 and possibly lower.
Persistent sell signals from short- and medium-term indicators, combined with rejections on high volume, reinforce a cautious position until the trend structure changes.
