#squarecreator - XRP approaches key zone after strong bearish pressure: resistance or continuation?

The price of XRP remains under bearish pressure, with a cumulative drop of more than 6% in recent days.

Technical indicators suggest a possible short-term bounce, although the structure continues to be dominated by sellers.

XRP, the native token of Ripple, is experiencing a sustained pullback on the 4-hour timeframe, currently trading around $2.0897, after reaching recent lows of $2.0388, according to data from Binance.

Possible short and medium-term scenario

In the short term, the market could attempt a technical bounce if oversold conditions are confirmed, targeting the previously mentioned EMAs. However, if bearish pressure remains, a loss of support at $2.03 would open the door to an extension towards levels close to $1.95, an area that has served as a base in previous pullbacks.