Eseandre Mordi
⬤ XRP has looked weak since the strong rise it staged earlier this year. The token reached almost $3.34 then stalled and drifted sideways for months. Each attempt to push past the top of that range failed through late summer, a pattern that showed buyers were running out of strength.
⬤ When the price slipped under $2.82 the direction turned clearly down. From that point XRP has recorded a sequence of peaks and troughs that sit lower than the ones before, while volume shrank through November plus the first part of December. At present the price stays between $2.05 and $2.20, a band that now acts as the last important floor. Buyers have not managed to lift the quote past the middle of the wider range - the burden of proof stays on them. The surge that carried XRP from about $1.80 in June to $3.34 in July now feels distant.
⬤ A further line in the sand sits near $1.88. A daily close beneath that mark would probably lengthen the decline and force short term holders to protect capital. Sentiment has cooled - each brief bounce lacks follow through. Because XRP still trades below the levels that once gave structure, traders watch every tick inside this tight support zone.
⬤ The outcome here may steer mood across the wider altcoin market. A return into the upper range would calm nerves but also invite fresh bids. A fall through $1.88 would do the opposite and raise the odds of sharper swings. The way XRP leaves this narrow band will likely set the tone for risk appetite in the crypto space.
Eseandre Mordi
