XRP has printed an impulsive corrective move after rejecting cleanly from the Point of Control (POC) and breaking down below the Value Area Low (VAL). This shift signals weakening structure, as price is now trading back into lower value with bearish momentum increasing in the short term.
Key Levels to Watch:
-VAL (resistance): must reclaim to stabilize price
- $1.79: weekly support target if weakness continues
- $1.40: next major support if dynamic support retest plays out
As long as XRP remains below the Value Area Low, downside continuation stays active and the market has a greater probability of testing weekly support at $1.79. This is the next key level where buyers may attempt a defensive bounce, but the broader structure remains bearish unless XRP can reclaim VAL with acceptance.
The bigger risk comes from the dynamic support break, which has not yet been retested. If XRP retests that broken dynamic level as resistance and fails, it increases the likelihood of deeper downside expansion. In that scenario, XRP may lose $1.79 and rotate toward $1.40, which becomes the next major support zone.
For now, XRP remains bearish, and lower-time-frame consolidation will be critical. How price builds structure here will determine whether this becomes a controlled pullback — or the start of a sharper breakdown lower.
Key Levels to Watch:
-VAL (resistance): must reclaim to stabilize price
- $1.79: weekly support target if weakness continues
- $1.40: next major support if dynamic support retest plays out
As long as XRP remains below the Value Area Low, downside continuation stays active and the market has a greater probability of testing weekly support at $1.79. This is the next key level where buyers may attempt a defensive bounce, but the broader structure remains bearish unless XRP can reclaim VAL with acceptance.
The bigger risk comes from the dynamic support break, which has not yet been retested. If XRP retests that broken dynamic level as resistance and fails, it increases the likelihood of deeper downside expansion. In that scenario, XRP may lose $1.79 and rotate toward $1.40, which becomes the next major support zone.
For now, XRP remains bearish, and lower-time-frame consolidation will be critical. How price builds structure here will determine whether this becomes a controlled pullback — or the start of a sharper breakdown lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
