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Market structure has weakened and broken down.
On the hourly chart cycle, XRP's key support has completely failed, this is not a normal correction but a breakdown at the trend structure level.
Currently, the price is consolidating weakly within the range, not because the decline has stopped, but because market volume is exhausted and bulls are losing momentum.
The bearish momentum is temporarily converging, with no sustained effort to push down the market.
The biggest risk at the moment is not a continued deep decline, but a weak rebound.
⚠️Important reminder: Any subsequent rebound should be regarded as a bearish corrective move, not a sign of stabilization or reversal.
Overall trading is sluggish, with severely lacking supporting strength, and the bearish structure has not been repaired.
In the short term, there may be slight rebounds or corrections, but the conditions for a full reversal are completely absent.
📌Short-term strategy:
Focus on monitoring, patiently wait for the structure to stabilize again.
Do not rush to buy on dips until key support is reestablished.
Stay patient and wait for clear signals before taking action.
#WCTC交易王PK