XRP'S VOLATILE WEEK

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XRP'S VOLATILE WEEKXRP / U.S. dollarBITSTAMP:XRPUSDRocksorgate⚡️Hope everyone is doing well, I'm sure it's a busy Saturday so I'll keep things summed up. ⚡️ Current Price Action: As I write this XRP is experiencing a downward trend, dropping approximately 3-9% to hover around $1.30–$1.36 after a sharp, high-volume rejection from higher levels after we failed to hold above $1.40 and keep above that $1.45 pivot. ⚡️ Key Support Levels: The immediate floor is being tested at $1.30, with crucial support at $1.20–$1.22; a close below $1.25 could signal further downside so setting a price alert at $1.25 would be recommended. ⚡️ Resistance Levels: The $1.36–$1.37 zone has flipped from support to immediate resistance, with stronger resistance at $1.40 and $1.45 currently. ⚡️ Market Drivers: The decline is largely driven by broader crypto market weakness (risk-off sentiment), high volatility following geopolitical tensions with the U.S and Israel announcing strikes on Iran this morning, and a "death cross" on short-term charts. ⚡️ Technical Outlook: The 4-hour chart shows a bearish structure with a series of lower highs, although continued inflows and buying from whales and large wallets suggest a potential long-term accumulation phase. So long term looks better with current price action moving around pretty volatile this week with all the news and geopolitical tensions going on. ⚡️ Volume & Sentiment: Trading volume has surged during the sell-off, indicating intense selling pressure, especially this morning following the U.S strikes though as writing this I can see the market is pulling back up with XRP jumping up from that $1.28 as buyers taking advantage of the 'dip'. ⚡️ Gonna leave things at that for now, keep it short at simple. It's a volatile week and next week will be too as markets watch how things play out geopolitically and look to identify the impacts we may see or start to depending on the outcomes. Appreciate everyone as always, keep tuned and posted for more and stay blessed. ⚡️ Best wishes and make it a great day. ~ Rock '