XRP’s Desperate Bid to Escape Bearish Quagmire 🐢💥

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Oh, dear friends, let us not mince words-XRP is currently behaving like a disgruntled parrot, squawking about resistance levels with all the enthusiasm of a man who’s just discovered his coffee is decaf. 🐦☕

Technical Analysis

By Shayan

The Daily Chart

On the daily timeframe, XRP is firmly trading inside a descending channel that has defined the price action since the October peak. Each recovery attempt has been capped by the upper boundary of this channel, reinforcing the dominant bearish structure. It’s like watching a soap opera where the villain always wins. 🎭

The asset is currently hovering around the $2.03 level, well below both the 100-day and 200-day moving averages. The 200-day moving average near the $2.50 region has acted as a dynamic resistance, coinciding with a major daily supply zone that previously triggered aggressive sell-offs. A true masterpiece of market manipulation. 🎭

Above current levels, the $2.25 to $2.50 zone remains the most critical resistance area. This region represents a former consolidation range and overlaps with the descending trendline, creating a strong confluence that sellers are likely to defend. It’s like a fortress, but with more drama. 🏰

On the downside, the $1.90 to $1.75 demand zone stands out as the most important support area. This region marks the strongest bullish reaction during the correction and sits near the lower boundary of the descending channel. A valiant effort, but still a long shot. 🤷‍♂️

As long as XRP remains below the $2.25 level, the broader daily structure favors continuation rather than reversal. A sad, predictable tale. 📖

The 4-Hour Chart

The 4-hour chart highlights persistent compression within a smaller descending structure nested inside the larger daily channel. The price is forming lower highs and higher lows, resulting in a tightening range that reflects indecision rather than accumulation. A thrilling spectacle, truly. 🎭

Recent attempts to push higher have been rejected around the $2.10 to $2.15 supply zone, which aligns with a minor 4-hour order block and the local descending trendline. Each rejection from this area has led to renewed selling pressure, pushing the price back toward the $2.00 psychological level. A cruel joke, if you ask me. 😂

If XRP fails to hold above $2.00, liquidity is likely to be drawn toward the $1.90 to $1.85 region, where the next cluster of demand is positioned. This area also aligns with the lower boundary of the short-term structure, increasing its technical significance. A calculated move, but not exactly inspiring. 🧠

For any bullish shift to materialize, XRP must reclaim the $2.15 level and hold above it with strong momentum. Until that occurs, short-term rallies are likely to remain corrective and vulnerable to rejection. A cruel, cruel game. 🎯

 

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2025-12-13 19:37