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XRP
Currently trapped in a gradually narrowing range, with support right beneath. It’s hovering around 1.40, and the downward momentum is pushing it toward the lower boundary. Recent chart patterns show decreasing volatility, and it’s facing clear resistance at the top of the range. This kind of squeezing action between buyers and sellers definitely exists.
Key price levels are clear: 1.50 is the hurdle for this rally. If it can stay firmly above 1.50, it indicates a trend reversal to the upside. Conversely, if it breaks below 1.30, the bulls will be in trouble. Once it settles below this level, it means more room for decline ahead, with little resistance in the way.
On the hourly chart, the bears still have the upper hand. The price is blocked at the top of the range, forcing the bulls to switch to defense. The downward pressure is pushing toward the range’s bottom. Until the 1.50 level is truly broken, the path downward remains easier to follow.
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