XRP is currently under strong short-term bearish pressure, with price trading around 1.26 USDT, down nearly 17% on the day.

What the chart is showing (5m timeframe):

🔻 Sharp Breakdown

Price rejected near 1.38 and sold off aggressively, breaking multiple intraday supports in a short time. This indicates strong seller dominance and panic-driven exits.

🔄 Relief Bounce, Not Reversal

The bounce from 1.21 → 1.26 looks like a technical pullback, not a confirmed trend reversal. Structure still shows lower highs and lower lows.

📉 Volume Insight

High sell volume during the drop = distribution

Green candles on lower volume = weak buying interest

This suggests buyers are cautious, not confident.

📌 Key Levels to Watch

Support: 1.21 (recent low)

Resistance: 1.28 – 1.30 (previous breakdown zone)

A reclaim above resistance with volume is required to shift bias.

🎯 Trading Lessons 1️⃣ Falling fast doesn’t mean “cheap”

2️⃣ Wait for structure confirmation before longs

3️⃣ High volatility = reduce leverage or stay spot

4️⃣ Trend matters more than short-term candles

Conclusion:

XRP remains bearish in the short term until it reclaims broken structure. Patience and risk management are critical in such conditions.

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