Saad Ullah
⬤ XRP has entered a crucial technical phase as it trades directly within a highlighted red support zone on the chart. The upcoming weekly close will be considered bullish if XRP holds structure above the $1.93 level. The chart shows XRP trading just under the $2.00 mark, sitting at the lower edge of a descending channel where support and resistance lines continue to compress price into a narrowing range.
⬤ The structure on the chart shows a clearly defined downward channel, with resistance forming across a descending trend line and support tracking a parallel lower boundary. The "Red Zone" around $1.93 is marked as an area XRP "must clear," acting as both structural support and a critical decision point. Price is currently interacting with this region, and holding above it could help maintain the broader market structure, while closing below it might signal continued weakness within the channel.
⬤ XRP strength remains more constructive if the market can defend the zone above $1.93. The descending channel shows that downward pressure has persisted for several months, with each rally meeting resistance along the upper trend line. XRP is currently trading close to this red boundary, meaning even relatively small price swings could determine whether the weekly candle confirms support or finishes below the highlighted zone.
⬤ This setup matters because XRP remains one of the most closely watched altcoins, and weekly closes at major structural levels often influence broader sentiment. A bullish hold above $1.93 could help stabilize momentum and signal potential recovery, while failure to maintain the level may reinforce the prevailing downward channel. With XRP consolidating at a key validation zone, traders are watching whether price confirms support into the weekly close or signals renewed downside risk.
Saad Ullah
