🚨 Technical Analysis of $XRP | Daily Frame

🔸 The price is moving within a clear downtrend while continuing to form lower highs and lower lows, reflecting the sellers' control over the overall movement.

🔸 The area of 1.25 – 1.30$ represents an important current support, and the price recently bounced off it after a strong downward wave, but the momentum remains weak.

🔸 If this area is broken with a clear daily close, the decline may extend towards a deeper demand area near 1.00 – 0.95$.

🔸 On the upside, the area of 1.90 – 2.00$ remains the first major resistance, followed by a stronger supply area near 2.30 – 2.40$, and any rise towards these levels is considered a correction within the downtrend unless breached and held above.

🔸 The RSI indicator is moving below the neutral level of 50 and is close to oversold areas, which may support a temporary technical rebound without confirming a reversal.

❗️This is a technical analysis and not investment advice.