⚠️ $XRP is bleeding and the technicals aren't giving bulls anything to hold onto.

Down 3% today. Down 9.4% this week. Down 20.4% this month. Price sitting below both SMA50 and SMA200 with MACD still negative and funding rate leaning bearish.

$1.05 IS THE LINE YOU NEED TO WATCH.

RSI at 37 is approaching oversold which could trigger a short-term technical bounce. But a bounce inside a downtrend is a trap, not a reversal.

Warning: don't confuse a relief bounce with a trend change. XRP needs to reclaim before the bearish narrative shifts. Until then, every green candle is a potential exit opportunity, not an entry.

#XRP #onchain #crypto #altcoins