XRP: Bears Still Hold The Advantage

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XRP: Bears Still Hold The AdvantageXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisLower Highs Confirm The Downtrend • XRP continues to print lower highs and lower lows, keeping the broader bearish structure firmly intact. $1.088 Turns Into Resistance • Former support around $1.088 has now become resistance. Bulls must reclaim this level to improve the short-term outlook. Momentum Still Favours Sellers • Price remains below the falling 50-day EMA, while RSI is below 50 and StochRSI remains in oversold territory. Volume Offers Little Encouragement • Selling volume expanded into the recent lows, but the current rebound is accompanied by relatively neutral volume, suggesting buying conviction remains limited. Next Major Support Below • A break beneath the recent $1.01 low would likely expose the next significant multi-month support around the July 2023 swing high near $0.94. In Summary XRP remains one of the weaker-looking large-cap cryptocurrencies, with lower highs, a falling 50-day EMA and bearish momentum all favouring the sellers. While bulls are attempting to stabilise above $1.00, they first need to reclaim $1.088 to suggest sentiment is improving. Until then, rallies are likely to be viewed as corrective, with the next major downside target sitting near the $0.94 multi-month support zone.