Eseandre Mordi
⬤ XRP now sits at a weekly chart crossroads - price compresses just above the $1.70 - $1.90 support band. That band is the last clear line between further upward progress and a fresh decline. The coin has returned to this area after escaping a long term basing pattern leaving behind a “fair-value gap” that must hold if the up trend is to stay intact.
⬤ If buyers keep the $1.70 - $1.90 floor intact, the next long range objective sits near $10. Earlier breakouts have produced single moves larger than 600 % once major structure was retaken. The $3 region offers an intermediate hurdle - yet the main requirement is steady demand at current prices.
⬤ A weekly close beneath $1.70 would activate the bearish count. The chart then points toward the $1.00 - $0.70 zone implying a deeper pullback. Recent candles show volatility shrinking while both camps mass around the same price level. The fair value gap now acts as the final referee between follow through north or south.
⬤ This test arrives at a critical point in the alt coin cycle. Holding the level would feed broader optimism and raise odds of fresh upward rotation across high beta tokens - losing it would swing sentiment negative and prompt defensive positioning. The resolution reached here will probably set the market's tone for the coming weeks.
Eseandre Mordi
