$XRP continues to reject below the 99 EMA, signaling higher timeframe supply overhead. Recent bounces into the 1.3650 area have been sold into, printing consistent lower highs intraday. Momentum remains muted, with no strong displacement from buyers after the 1.3460 sweep. Structure is compressing beneath resistance, favoring a liquidity rotation back toward range lows.
Unless price reclaims and holds above 1.3810, downside continuation toward the lower support band remains the higher-probability path.
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