xrpbounceback

$XRP The chart shows a strong bearish momentum, but the latest candles are sending an early warning signal to the market.
After an aggressive sell-off, price reacted sharply from the 1.117 support zone, forming long lower wicks. This clearly indicates that buyers stepped in strongly, rejecting lower prices. The recent green candles suggest a short-term relief bounce, not a confirmed trend reversal yet.
Despite the bounce, XRP is still trading below the 25, 50, and 99 moving averages, which means the overall trend remains bearish. The bounce looks more like a pullback within a downtrend rather than a full recovery.
RSI has moved up from oversold levels, showing temporary relief, but it still lacks strong bullish strength. Volume increased during the dump, while the bounce came with weaker buying pressure, signaling that sellers are still in control.
Key Levels to Watch:
Support: 1.12 – buyers must defend this zone
Resistance: 1.32 – 1.35 (first rejection area)
Strong resistance near 1.42 – 1.45
Market Message:
The candle is saying “buyers defended the bottom”,
but the chart is saying “the trend is still bearish.”
A confirmed bullish move will only be considered if price breaks and holds above 1.35 with strong volume. Until then, any upward move should be treated as a corrective bounce, not a trend change.
#xrpbounceback
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