4 articles tagged with #bearish-structure. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
XRP is trapped in a range between $1.22 and $1.55 with no confirmed breakout on higher timeframes. While a short-term rally toward $1.78–$2.87 is possible, analysts warn that a subsequent C-wave decline could push XRP below $1.00, potentially reaching $0.48, if the corrective structure holds.
XRP is exhibiting bearish technical structure according to analyst Lars Kooistra, who identifies a shift from accumulation to distribution on higher timeframes. Trading near $1.32, XRP remains below a critical supply zone, with traders targeting downside moves toward $1.10, while some analysts project potential drops to $0.70 if resistance levels hold.
Ethereum remains in a bearish structure but shows short-term stabilization above the $1,800 support zone following February's sharp selloff. ETH needs to reclaim a key level to sustain any potential rally, though buyers are positioning for another upward move.
Analyst EGRAG indicates that XRP needs to achieve a weekly close above a specific price level to break out of its long-term descending channel pattern. This breakout would invalidate the current bearish technical structure that has been constraining XRP's price action.
