Saad Ullah
⬤ XRP is having trouble staying above water after it couldn't push back through the $1.80 mark. The daily chart shows the token stuck in the mid-$1.70s, sitting below what used to be a support level that's now acting as resistance. The inability to break back above $1.80 is telling traders that more downside could be on the way.
⬤ The bigger picture isn't looking great either. After peaking above $3.00 earlier in the cycle, XRP has been making lower highs and lower lows—a textbook bearish pattern. There was a quick bounce recently, but it fizzled out right below $1.80, basically confirming that buyers aren't strong enough to flip that level back into support. Since then, selling pressure has kept building without any real push back from bulls.
⬤ Right now, all eyes are on $1.57—that's the next meaningful support zone marked on the chart. As long as XRP stays trapped under $1.80, it's probably heading down to test that level. What makes this situation a bit concerning is that there's not much in between to cushion the fall, which means a move to $1.57 could happen faster than expected.
⬤ This matters beyond just XRP itself. A lot of traders watch XRP as a bellwether for how altcoins are performing overall. When it hits major support levels, it tends to ripple through the broader market and can spike volatility. How XRP behaves around $1.57 could set the tone for whether we see a bounce or if bears keep running the show in the short term.
Saad Ullah
