[Update] $XRP Market Structure: Watching the 1.15 Level
After rejecting the 1.48–1.52 supply zone, $XRP shows signs of distribution on the 4H chart. Price has formed lower highs and lost upward momentum, which often signals increasing selling pressure.
Now trading near 1.35, $XRP remains below the key 1.40 mid-range resistance. This type of consolidation under resistance can mean sellers are absorbing demand. A strong 4H close above 1.42 would be needed to shift structure back to neutral.
Key Insight: When resistance holds and momentum weakens, price often moves toward lower liquidity areas. The 1.20 level may be tested, with 1.15 acting as a deeper liquidity zone.
