XRP/USD — Bearish Momentum Persists Near Channel Lows (Weekly OuMarket Cap XRP, $CRYPTOCAP:XRPJohn_IsigeXRP/USD continues to trade within a medium-term descending channel, maintaining a strong bearish structure. This week, the pair resumed its decline and is now approaching the lower boundary of the channel. A confirmed breakout below 1.9531 (Murray level ) would likely accelerate losses toward 1.5625 (Murray level ) and 1.1719 (Murray level , 100% Fibonacci extension). On the upside, the key resistance for bulls is seen near 2.7344 (Murray level , upper Bollinger Band). A breakout and consolidation above this zone would signal an exit from the descending channel, opening the way for recovery toward 3.1250 (Murray ) and 3.5156 (Murray ) — although this scenario currently appears less probable given prevailing sentiment. ⸻ Technical Setup •Bollinger Bands are turning sharply downward, reflecting strong bearish momentum. •MACD continues to expand in the negative zone — confirming sustained selling pressure. •Stochastic Oscillator is trending lower and nearing oversold territory, suggesting a potential short-term correction, though its upside potential appears limited. Resistance levels: 2.7344 — 3.1250 — 3.5156 Support levels: 1.9531 — 1.5625 — 1.1719 ⸻ Trading Plan Primary Scenario (Sell Stop) •Entry: 1.9525 •Take Profit: 1.5625 / 1.1719 •Stop Loss: 2.2300 •Bias: Bearish continuation below 1.9531 •Timeframe: Weekly Alternative Scenario (Buy Stop) •Entry: 2.7350 •Take Profit: 3.1250 / 3.5156 •Stop Loss: 2.4500 •Bias: Bullish reversal above 2.7344 ⸻ 💬 XRP remains under heavy pressure near the lower boundary of its descending channel. A drop below 1.9531 could confirm a move toward 1.56 and possibly 1.17, while a breakout above 2.73 would be required to shift sentiment back in favor of buyers.