XRP is Showing Weakness – A Breakdown Incoming?Yello, Paradisers! Is XRP on the verge of a major breakdown, or are the bulls about to step in? Let’s analyze the latest Ripple setup:
💎#XRP is struggling at a key resistance zone around $2.5083, repeatedly failing to break through. Each rejection, with low volume accompanying these attempts, suggests that the bulls are losing steam. If this weakness continues, a bearish reversal is becoming increasingly likely.
💎 The key imbalance zone to watch sits at $2.5210—a drop below this level could trigger a sharp decline, with the next target in the $2.41 - $2.50 range. Additionally, the Change of Character (ChoCh) further confirms a possible trend shift, increasing the probability of a downward move.
💎 On the flip side, the bearish invalidation level lies just above the strong resistance zone. If #XRP manages to close above $2.63 with significant volume, it could enter a markup phase, potentially driving the price higher. However, until that happens, the bias remains bearish, and lower levels seem much more probable.
💎The market is at a crucial tipping point—will XRP break down, or will the bulls reclaim control? Let us know your thoughts in the comments. Are you preparing for a markdown, or do you see a surprise rally coming? Let’s discuss!
🎖 Strive for consistency, not quick profits. The market rewards discipline and patience—trade smart, Paradisers!
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