$XRP Weak momentum, clear signs of false breakthrough ⚠️
Recently, the price trend of XRP has failed to maintain an upward movement, instead falling back into a weak structure. If the situation continues to worsen, the price is likely to further test the key support at 2 dollars.
🔹 Resistance to upward movement
XRP struggles to stabilize above 3 dollars, repeatedly facing resistance at the downward trend line. The breakthrough that was originally highly anticipated quickly turned into a reversal signal.
🔹 Technical pressure
The 50-day and 26-day moving averages have failed to recover, and selling pressure remains, with the moving averages beginning to decline.
Although the price has tested the 100-day moving average, there has been a lack of a meaningful rebound.
Trading volume is significantly lower compared to the previous upward movement, indicating a clear weakening of bullish strength.
🔹 Key range
Short-term support: 2.60 dollars. If this level is lost, the downward trend may accelerate rapidly, approaching the psychological level of 2 dollars.
Resistance zone: 2.80 – 2.90 dollars. Once confirmed below this level, the false breakout pattern will be established, and the advantage for bears will further increase.
🔹 Market sentiment
Bitcoin has recently struggled to maintain its upward momentum, combined with the overall weakness of altcoins, making the market atmosphere even more fragile. Unless XRP can quickly increase volume to return to 3 dollars, the short-term outlook will still favor bears.
