📈 Analyzing the #XRP market on the daily chart:

📈 Analyzing the #XRP market on the daily chart:

The asset is currently shaping a bearish position - upon validation, this could signal continued declines.

Starting from the 3.6594 mark, we observed a strong downtrend, creating a selling zone that now acts as a hurdle for upward momentum. For bullish opportunities, a breakout above this level is necessary to clear the path for buyers.

⬆️ Upward Scenarios:
After establishing support beyond the 3.6594 threshold

From the 1.9064 bottom, the price reversed and rallied sharply, highlighting robust demand in this area. A breakdown below this key support would suggest growing selling pressure.

⬇️ Downward Scenarios:
After confirming weakness under the 1.9064 barrier