*$XRP FACES BREAKDOWN RISK* 🔻
*MOMENTUM SHIFTS BEARISH* ⚠️
$XRP is showing early signs of weakness after failing to sustain above $1.84 📉. The pair has dropped nearly 5%, now hovering around $1.7987, following a sharp rejection candle that suggests sellers are stepping back in with conviction 🔥.
*KEY OBSERVATIONS:*
📊 24H High: $1.9750
📊 24H Low: $1.7218
📉 Current Price: $1.7987 (-4.92%)
📊 Volume (USDT): 748.96M — high activity, indicating strong participation
📊 Stoch RSI: Near oversold levels (19.03 / 22.59)
📊 RSI (6): 29.60 — tipping into oversold zone
*SHORT-TERM MOMENTUM:*
Despite the broader uptrend (180D gain: +240.84%), short-term momentum has clearly turned south 🔴. The recent 15-minute candle closed with a strong bearish body, wiping out the prior gains and slicing through minor support zones.
*WHAT TO WATCH:*
🛡️ Support: $1.72 — if broken, it may trigger a deeper correction
🎯 Resistance: $1.84 — the failed breakout zone, likely to cap price in near term
*RSI OVERSOLD BOUNCE?:*
While RSI is entering oversold territory, no reversal signals have printed yet 🔄. A bullish divergence or pin bar would be needed for bounce confirmation.
*CONCLUSION:*
XRP is skating on thin ice ❄️. Unless bulls step in quickly and reclaim control above $1.84, the next leg may tilt toward $1.70 or lower 📉. High volume confirms strong interest but right now, that interest is leaning red 🔴. Caution is key ⚠️. Wait for confirmation before jumping in.
Trade $XRP here 👇