$XRP
🚨XRP Technical Structure Signals Ongoing Caution🚨
XRP remains locked in a short-term downtrend on the 4-hour timeframe. Price stays below the 50, 100, and 200 exponential moving averages, which continue sloping lower. Consequently, the structure reflects sustained bearish control rather than temporary weakness.
The decline began after a sharp rejection near the $2.40–$2.47 area. That zone aligned with a key Fibonacci extension and triggered aggressive profit-taking. Since then, XRP has formed a sequence of lower highs and lower lows, reinforcing trend fragility.
Near-term support sits around $1.87–$1.88, where recent wicks found buyers. However, a break below that range could expose $1.80–$1.81, a prior consolidation base. Significantly, the $1.77 level stands as a critical downside marker tied to the broader Fibonacci structure.
On the upside, sellers continue defending the $1.93–$1.95 zone, where Fibonacci resistance overlaps with EMA congestion. Moreover, a stronger supply region remains between $2.17 and $2.28, limiting recovery attempts.