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$XRP — Breakdown Attempt: Bulls Losing Momentum
XRP pushed into the 1.39 zone but faced strong rejection, leading to a sharp drop and shift in structure. The 1H chart now shows lower highs forming after the breakdown.
📉 Market Structure Insight
Momentum has turned bearish short-term. Buyers are struggling to reclaim higher levels, while sellers are controlling bounces.
💡 Key Insight:
This looks like a distribution phase after the impulse move — not just a simple pullback.
🎯 Levels to Watch:
Support: 1.34
Resistance: 1.37
If support breaks, further downside is likely. A reclaim of 1.37 could bring a short-term recovery.
Are you expecting continuation down or a bounce from here?