XRPUSDT: Can Bounce — Downtrend Not OverXRP / TetherUSBINANCE:XRPUSDTDomicChainaXRP remains under heavy selling pressure, but after such an extended decline, a short-term recovery could be developing. The bigger question is whether buyers can sustain that rebound. On the 8H chart, successive lower highs at 1.6264, 1.5220, 1.4001 and 1.3220 confirm a persistent bearish structure. Price remains below both declining EMAs, while the former 1.20–1.28 support zone has become major resistance. The macro backdrop also favors caution. October's US CPI rose 0.4%, above the 0.3% forecast, strengthening expectations of further Fed tightening. Rising Treasury yields and a firmer dollar could limit buying interest across cryptocurrencies over the coming sessions. If XRP stabilizes near 1.05 and reclaims 1.10–1.15, a corrective rebound toward 1.20–1.28 becomes possible. However, I expect sellers to defend this resistance, potentially pushing price back toward 1.15. The bearish outlook weakens if XRP breaks and holds above 1.28. Preferred scenario: hold 1.05 → recovery toward 1.20–1.28 → rejection → 1.15.