$XRP 1-hour chart for XRP/USDT Perpetual here’s a quick technical analysis and what the next move might be:


🔻 Downtrend in Play

  1. XRP recently peaked around $3.3296, and is now trading at $3.0256, showing a consistent lower high, lower low pattern.

  2. Price has dropped nearly 10% from recent highs.

📉 Support & Resistance Levels

  1. Support: Around $2.9535 (previous low), which could be tested again.

  2. Resistance: Around $3.0937 and $3.1763 — both failed breakout levels in recent candles.

📉 Volume

Volume has spiked on red candles, suggesting strong selling pressure.

  • Recent volume bars show increased activity during the sell-off, indicating bears are still in control


🧭 What's Next?


📉 Bearish Bias (More Likely for Now)

  • If XRP breaks below $2.9535 (previous low), we could see a deeper correction toward $2.90–$2.85 range.

  • The downward momentum and high selling volume support this bearish view.


📈 Bullish Reversal Scenario (Less Likely Short-Term)


If XRP holds support above $2.95 and forms a double bottom, a bounce toward $3.09–$3.17 is possible.

  • For any strong bullish move, price must break and hold above $3.17 with strong volume.

📌 Short-Term Outlook

BiasTargetConfirmation🔻 Bearish (preferred)$2.95 → $2.90

Break below $2.9535 with volume

🔺 Bullish (alt)$3.09 → $3.17

Break & close above $3.0937

⚠️ Tips:

Use tight stop-losses in this volatility.

Watch for volume confirmation on breakouts/breakdowns.

Avoid FOMO entries — wait for confirmation.

#xrp #EducationalContent