XRP: Evaluating the Current Resistance StructureXRP / TetherUSBINANCE:XRPUSDTCoinJarXRP price action has established a weekly bullish engulfing candle, signalling a shift in momentum that warrants attention within the current market structure. Price is now attempting to move through an established order block resistance, making this an important area for confirmation. If XRP can trade and establish acceptance above the current order block, the technical structure could open the probability of a bullish expansion toward the $2 resistance area. Such a move would still depend on sustained acceptance above the resistance rather than a temporary move through it. Conversely, if price fails to overcome the order block and experiences a clear rejection, the market could shift back toward a corrective structure. In that scenario, the $0.99 area becomes a potential downside reference, particularly if selling pressure increases and the weekly bullish structure begins to weaken. The relationship between the current order block and subsequent weekly closes will therefore be important. A sustained breakout could strengthen the bullish scenario, while rejection and a loss of nearby support could increase the probability of a deeper retracement. For now, the setup remains conditional. The weekly bullish engulfing candle provides a constructive signal, but confirmation from price acceptance above resistance or a breakdown of support is required before either scenario gains greater technical weight. ----------------------------------------------------------------------------------------------- Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: coinjar.com/uk/risk-summary The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong. ----------------------------------------------------------------------------------------------