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Mr.Arshman

06/23 15:52

Ripple Price Prediction: XRP Risks Deeper Drop as

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$XRP remains under pressure after failing to sustain last week’s recovery attempt. The latest price action shows sellers regaining control near a key resistance zone, pushing the asset back toward a major support area that is now becoming the focal point for the short-term trend.On the daily timeframe, $XRP continues to trade within a broad descending channel and remains below both the 100- and 200-day moving averages. The recent rebound stalled beneath the 100-day MA and the lower boundary of the highlighted resistance zone around $1.28 to $1.35, reinforcing the bearish higher-timeframe structure. The most recent development is the rejection from that resistance area and the subsequent move back toward the $1.07 to $1.15 demand zone. This support region has repeatedly attracted buyers throughout June and remains the most important level on the chart. As long as $XRP holds above this zone, the market may continue consolidating within its current range. However, a decisive breakdown below $1.07 would expose the previous swing low and significantly increase the probability of another leg lower. On the upside, buyers must reclaim the $1.28 to $1.35 resistance area before any meaningful trend reversal can be considered. The 4-hour chart shows a clear deterioration in short-term momentum. After failing to break above the ascending resistance trendline and the $1.26 to $1.3 supply zone, $XRP rolled over and erased most of its recovery gains. More importantly, the recent rebound from the support zone produced another lower high near $1.25 before sellers regained control. Since then, price has drifted back toward the $1.1 support region and is currently trading near the lower boundary of the range. The latest candles suggest weakening buying pressure, with $XRP struggling to generate any meaningful bounce despite sitting on support.
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