#XRP#

XRP has recently shown significant pressure in its price movement. On September 24, it fell below the 50-day moving average ($2.99) and hit a solid support level of $2.73 on September 25, indicating that the bears are still in control.

Support levels that are repeatedly tested often weaken their effectiveness. If the price closes below $2.73, XRP will complete a typical bearish descending triangle pattern, which may subsequently accelerate the decline to $2.30, significantly increasing market risk.

In the short term, any rebound may encounter bearish selling pressure near the moving averages and downtrend line, creating a situation where upward momentum is hindered. If the bulls want to turn the situation around, they must quickly push the price higher and stabilize it above the downtrend line, which could not only prevent a decline but also trigger a technical rebound, challenging levels of $3.0 or even higher.

Overall, XRP is currently in a sensitive range where key support and resistance intersect, and short-term fluctuations will be relatively intense; operations should be carried out with caution to seize opportunities.