XRP Losing Steam or Winding Up for Another Leg?
XRP is cooling off after ripping to $3.40 — now consolidating just above key support at $2.07. Daily structure hints at a possible descending triangle, with lower highs stacking and volume fading. If $2.07 breaks, $1.77 and $1.50 become critical downside pivots.
Key Technicals:
• 1D MAs show bearish pressure: MA(7) < MA(25) < MA(99)
• RSI likely retreating from overbought; momentum slowing
• Price retesting 1W MA(25) (~$2.05) — last defense for bulls?
Fundamental Lens:
No recent protocol upgrades, but XRP continues to build remittance use cases via RippleNet. Regulatory noise lingers in the background.
Trade Levels:
• Entry: Watch $1.77–$2.00 for bounce potential
• SL: Below $1.77
• Targets: $2.61 and $3.40 if bulls reclaim $2.22 with volume
Bias: Neutral–Bearish short-term, Macro Bullish above $1.50
Set alerts around $2.07 and $2.22 — breakdown or breakout incoming? Bullish or Bearish?
#XRP #Altcoins #CryptoTrading
