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Although XRP has entered a short-term stable zone, an analysis suggests that an unstable structure persists in its mid-to-long-term trend.
According to U.Today, a cryptocurrency specialized media outlet, XRP is currently trading in the mid-$1.40s, maintaining above a new support zone formed around $1.38. This support level has been tested multiple times, and an inflow of buying interest has been repeatedly confirmed, but confidence in the strength of demand is still lacking.
Changes are being detected in the short-term structure. XRP has gradually begun to form higher lows and is showing the potential for a momentum shift by breaking above short-term moving averages. However, the $1.50 to $1.55 range holds significant resistance where prices have been pushed back multiple times in the past, acting as a key zone limiting upward movement.
If this resistance level is breached, the next supply zone is suggested to be around $1.70. Conversely, if a breakthrough does not occur, there is a possibility that the current rebound will remain another lower high formed within a larger downtrend structure.
Currently, the biggest variable is trading volume. While increased trading activity accompanied the initial rebound phase, volume has recently shifted to a downtrend. This is interpreted as a sign that the market participation needed to sustain an upward trend is decreasing. If the decline in trading volume continues, a structure where it is difficult to withstand selling pressure at resistance levels could form.
The Relative Strength Index (RSI) is moving above the neutral line, indicating limited upward momentum, but it is considered insufficient to confirm a clear direction. Overall, the market shows stability but has not formed a clear trend.
Ultimately, XRP is holding above its support level and maintaining short-term rebound signals, but it's a structure where decreasing trading volume and the burden of major resistance levels are simultaneously at play. Whether an upward trend reversal occurs depends on breaking through resistance and recovering trading volume.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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