XRP is trading around the 1.59 level after a sharp selloff that has dominated recent sessions, as shown on the one-hour chart. Price attempted a bounce from the 1.503 low, but momentum remains weak with moving averages still sloping downward. The short-term MA5 and MA10 sit above current price, acting as dynamic resistance and signaling that sellers are still in control. Volume spiked during the breakdown, confirming strong bearish participation, while the recent rebound shows comparatively lighter volume, suggesting cautious buying. The MACD remains below the zero line with a small negative histogram, indicating that bearish pressure has not fully faded. Structurally, the market is forming lower highs and lower lows, keeping the broader trend bearish despite minor relief bounces. For bulls, reclaiming the 1.63–1.65 zone would be the first sign of strength, while failure to hold above 1.55 could open the door for another test of the 1.50 support. Overall, this chart reflects a market in correction, where patience and risk management are critical as traders wait for clearer confirmation of either trend continuation or a meaningful reversal ahead in the coming sessions, especially as volatility remains elevated and sentiment stays fragile across the broader crypto market right now today.