XRP: Trend Still Favours the BearsXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisPrimary trend remains bearish XRP continues to produce a series of lower highs and lower lows, keeping the primary trend firmly to the downside. Until that structure changes, rallies should still be treated with caution. Moving averages reinforce the trend The 100/50-day EMAs remain bearishly crossed, with price continuing to find resistance around those moving averages. This continues to reinforce the broader bearish outlook. Momentum remains neutral RSI continues to chop around the 50 level, reflecting the current lack of conviction from either side. Meanwhile, StochRSI is falling but has yet to reach oversold territory, leaving room for further downside. Support remains critical The $1.05 support area continues to hold the key. A break below this level would increase the likelihood of a retest of the $1.0092 swing low. Resistance still stacked overhead Even if bulls recover, the first hurdle sits around $1.18, while the much more significant resistance zone remains around $1.30. Bulls will need to reclaim both levels before the broader technical picture begins to improve. In Summary XRP continues to trade within a well-established primary downtrend, with lower highs and lower lows keeping the bears in control. The 100/50-day EMAs remain bearishly crossed, while momentum remains broadly neutral. Unless bulls can reclaim $1.18 and ultimately $1.30, rallies are likely to remain corrective. A break below $1.05 would increase the risk of another move towards the $1.0092 swing low.