$XRP #X Market structure
Price is currently around $2.06, consolidating after a strong impulse move from the $1.77 low up to $2.41.
The sharp rejection from $2.41 indicates profit-taking and supply at higher levels.
Recent candles are small and compressed → short-term consolidation rather than a trend reversal.
Moving Averages
EMA(7): ~$2.08 → price is slightly below, showing short-term weakness.
EMA(25): ~$2.04 → price is holding just above it (important short-term support).
EMA(99): ~$2.20 → strong dynamic resistance above price.
Overall: Short-term correction within a broader bullish structure.
RSI (6)
RSI around 46 → neutral zone.
No overbought or oversold condition → room for movement both ways.
Volume
Volume spiked during the rally to $2.41.
Current volume is declining → typical cool-off phase after a strong move.
🔑 Key Support Levels
$2.05 – $2.02
Immediate support
Confluence of EMA(25) and consolidation base
$1.98 – $1.95
Psychological + minor horizontal support
Loss of this level may increase selling pressure
$1.88 – $1.85
Strong structure support
Previous breakout zone
$1.77
Major swing low
Invalidation level for the bullish structure
📌 Summary
XRP is consolidating above key support after a strong rally.
As long as price holds above $2.00, the structure remains constructive.
A break below $1.95 would signal deeper correction.
Reclaiming $2.20 could open the door for a retest of $2.40+.
Disclaimer : it's not a financial advice always do your own research .