$1.90 crash... XRP has officially entered the "distribution phase," signaling a significant shift in market dynamics and investor sentiment.

XRP1,69%

XRP, Is the Bear Market Officially Starting? Support Levels Broken, Selling Pressure Continues

Ripple XRP shows a deepening downward trend, repeatedly breaking through key technical support zones. Although recent prices have entered a major demand area, upward momentum remains insufficient. The market is likely to remain in a correction phase in the short term.

Bearish structure solidified… Limited rebound space before reclaiming $2.00

From the daily chart, XRP is moving along a clear downtrend structure. The price continues to form lower lows and lower highs, reinforcing the downward trend. Currently, the price has reached the main support line around $1.50 (approximately 2,182 KRW), which is a demand zone formed by previous buying strength.

However, the former demand zone has now turned into a strong supply zone, hindering a rebound. Market analysis generally suggests that, especially if XRP cannot recover the $2.00–$2.20 (about 2,909–3,200 KRW) range, then any short- to medium-term rebound may be limited to a “temporary bounce within a downtrend.”

The overall structure indicates that XRP has entered a “distribution phase.” Buyers have not entered aggressively and remain defensive.

From the 4-hour chart, XRP… Downward pressure still exists

The short-term outlook is also not optimistic. On the 4-hour chart, XRP is trading within a clear downtrend channel, and recently even broke below the support zone of $1.85–$1.90 (about 2,690–2,764 KRW). This has also invalidated the short-term bullish structure.

The broken support line has turned into a new seller supply zone. Even if future prices rebound to this area, it is likely just a “technical rebound within a downtrend.”

Some analysts worry that if the price continues to face downward pressure along the trendline, it could further fall to the next major demand zone, which is between $1.30–$1.40 (about 1,891–2,037 KRW). From a technical perspective, this can be interpreted as a “reconfirmation of demand zones on higher timeframes.”

Post-correction, the market may look for direction

In summary, XRP currently shows a bearish trend in both the long and short term. Coupled with the loss of key support levels and the transformation of supply zones, these factors create a market structure dominated by sellers. However, there may be some consolidation within the current demand zone, which should be seen as a short-term pause rather than a trend reversal. The clear timing for a trend reversal will likely depend on whether the price can successfully reclaim the $2.00 level.

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TP AI Notice

This article is generated based on the TokenPost.ai language model and is used for article summaries. There may be omissions of main content or discrepancies with facts.

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