XRPUSD Candle Analysis (Price Action)

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XRPUSD Candle Analysis (Price Action)XRP / US DollarCOINBASE:XRPUSDdennishrndzLast 5–7 Days of candles: -Series of small-bodied candles with long wicks, especially on top → indecision and rejection from higher levels - Several failed attempts to close above $2.30 (61.8% Fib) → strong selling pressure at resistance - May 30–31 candle: Small red body, closes near the low of the day → mild bearish continuation - Volume decreasing → no major buyer absorption yet The current setup looks like a descending triangle / flat support with lower highs. Price broke slightly below the horizontal line around $2.17 — bearish structure breakdown if confirmed with follow-through Price closes below $2.15, ideally under $2.10 on strong volume. Would signal "failure to hold" the short-term range → leads to move toward next strong support at $2.00–$1.95 If $1.95 fails to hold on daily close → next leg lower to: - $1.61 (38.2% Fib) — strong buy level - Possibly even $1.29 in a broader flush-out (only if Bitcoin also drops) *Drop your comment or thoughts on XRP **REMEMBER, everything is probability, nothing is investment advice. Educational only!