XRP/USDXRP / US DollarBINANCE:XRPUSDcryptodailyuk🔍1. Trend and Key Levels General trend In the medium term: We see a clear downtrend, marked by two wide blue trend lines (the upper line from the peak around $3.3, the lower from the local lows). Recent weeks: Consolidation in a wide range between $2.72 and $1.98, with frequent attempts to break out. 📌2. Support and resistance levels Green lines (resistance): $3.16 — the historical peak of this wave, very strong resistance. $2.72 — another strong resistance, around which the price was rejected several times. $2.46 — local resistance, currently the price is below this level. Red lines (support): $1.98 — very important support, tested several times already. $1.56 — lower support, coinciding with the lower line of the downtrend channel. 3. Market formations and structure Declining channel: Wide channel marked by two blue lines. Price is moving in its lower half. Short-term descending triangle: Visible at current levels – local peaks are getting lower, and support is around USD 1.98. Volume: Volume advantage visible on descending candles. 📊4. Indicators RSI Currently around 40 — No clear advantage of the buyer side, slightly below the neutral zone. RSI does not give a signal of overbought or oversold. RSI-based MA — Oscillates below the level of 50, which confirms the downtrend. MACD MAD and signal lines are below zero, without clear divergence. Histogram: Slight advantage of bears – there is no signal to reverse the trend yet. 🧠5. Near-term scenarios Bullish Condition: Breakout above the local downtrend line (~$2.20–$2.25) and return above $2.46. Target: $2.72 (test of resistance), further move possible to $3.16 in case of strong gains. Bearish Condition: Breakout and close below $1.98. Target: $1.56 (main channel support), and even lower – lower channel line. Sideways scenario Further consolidation possible in the range of $2.46–$1.98, until a breakout from this range occurs. 📊6. Sentiment and summary Medium-term trend: Down. Buyers are weak, RSI low, MACD does not give a rebound signal yet. Key level to watch: 1.98 USD – if it falls, the next stop is 1.56 USD. Only a return above 2.46 USD may give the first signals of a trend change. 🧠Recommendation For long-term players: Be careful, do not blindly catch the bottom. For speculators: Play for a rebound only with a short stop below 1.98 USD. For investors: Wait for a signal confirming a breakout from the channel or a clear divergence on the indicators.