Bearish channel holds as XRP coils tight

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Technical analysis & market mechanics

• XRP remains inside a broader bearish channel, confirming a bearish market structure.
• Since the last analysis, price has consolidated, still trading between $2.00 and $2.23.
• The setup remains intact - still in the macro downtrend.
• $2.23 is local resistance - price continues to react here.
• $2.35, $2.48, and $2.58 are major resistance levels from previous breakdowns.
• $2.73 remains the final extension - potential liquidity grab before reversal.
• Resistance block between $2.23-$2.73 is the shorting zone - entries should be layered, not full-size.
• Shorts should be scaled in gradually into strength.
• $2.00 is local support - still weak and unreliable.
• $1.78 is the key breakdown level - breach confirms continuation.
• $1.50-$1.30 is the main downside target zone - aligns with long-term structure.
• RSI around 50 - neutral, still allowing room for one more push.
• Price action remains low volume, low momentum - short-term driven, not demand-led.

• Next Support: $2.00
• Next Resistance: $2.23
• Direction: Bullish
• Upside Target: $2.58
• Downside Target: $1.50

Cryptonary's take

The short setup is still fully valid. XRP has been consolidating between $2.00 and $2.23 with no shift in structure, no real volume, and no momentum behind the move. We're still scaling into shorts across the full resistance block: $2.23, $2.35, $2.48, $2.58, and $2.73 - using light sizing, isolated positions, and clear risk parameters.

Nothing has changed in the broader picture. This is a slow-bleed setup that still favours downside, and we continue to target $1.50-$1.30 long term. We expect another step lower across alts, and XRP is no exception. Stay tactical, stay patient.