Saad Ullah
⬤ XRP has been hit hard by weak market conditions and thin liquidity. Cryptocurrencies, especially altcoins, have taken a beating lately as traders stay on the sidelines waiting for clearer signals. Without any real signs of a turnaround, selling pressure just keeps building.
⬤ The token has now dropped through a critical daily imbalance zone that was holding things together. Once that level gave way, price pushed below the recent low, confirming the downtrend is still very much alive. If there's any bounce from here, it'll probably run into resistance around $1.98—which means that former support has now flipped into a ceiling.
⬤ Looking higher up, there are two more resistance zones that could block any recovery attempts. These include the YO level and another supply area marked on the daily chart. Unless XRP can break back above the imbalance zone and hold there, the bearish structure stays in place. Traders should wait for confirmation on shorter timeframes before thinking about any bullish plays.
⬤ Even though spot XRP ETFs have posted 18 straight days of inflows, that hasn't been enough to change the technical picture. Price action is still king here. If selling picks up again, the $1.53 area could be where buyers finally step in. Until the structure actually improves, any accumulation is likely to be slow and cautious—not the kind of buying that signals a real trend change.
Saad Ullah
