$XRP – Bearish Momentum Developing
XRP is currently showing clear bearish momentum after the recent expansion phase. The rejection from the highs was followed by strong downside pressure, indicating that sellers have gained short-term control of the market.
After a large impulsive rally, this type of correction is not unusual. Markets often transition from expansion into redistribution before deciding the next directional move. What matters now is whether price can hold above key support zones or continues to lose structure.
If bearish pressure persists, deeper retracement toward previous demand areas becomes more likely. A stabilization and reclaim of lost levels would be required to shift momentum back to bullish.
For now, momentum favors caution rather than aggressive positioning.