Will Ripple (XRP) Rise from Downward Pressure?

Updated

May 5, 2025

Gambar Will Ripple (XRP) Rise from Downward Pressure?

Jakarta, Pintu News – Ripple is currently facing major challenges in its technical structure, moving within a clear downward channel on the daily chart. This bearish structure continues to pressure the price, with any recovery attempts facing resistance at the upper trendline. The situation reflects a broader fight between bulls trying to defend key support zones and bears holding short-term momentum control.

Strong Resistance at the Upper Trendline

Ripple (XRP) is showing indications that a bearish move is possible after encountering strong resistance at the upper limit of its descending channel on the daily chart. This upper trendline has become a strong barrier, halting the latest bullish attempt and reinforcing the overall downtrend structure.

Every time the price tries to go up, this line always manages to push it back, showing that the bears still have a strong control over the market dynamics. Currently, with prices continuing to approach this trend line, market participants are carefully watching to see if there will be a change in momentum or if the bears will continue to dominate.

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Support Zones in the Spotlight as Ripple (XRP) Approaches Lower Limit

Ripple (XRP) is at a critical point as it approaches the lower boundary of its descending channel. This area has proven to be a reliable support level in recent weeks, preventing a deeper decline and providing the basis for a small rebound.

As price action approaches this zone, traders are carefully watching to see if the buyers can hold it once again or if the bears will force a decisive breakout. Failure to hold this support could mean an opportunity for the bears to take control further, pushing prices to lower levels.

Possible Major Movements on the Horizon

As Ripple (XRP) tightens further within its descending channel, it suggests that a big move may be imminent. The big question that still remains is whether the bulls can muster enough strength to reverse the trend or whether the bears will extend their dominance.

This decisive move will be crucial in determining the next direction for Ripple (XRP). Market watchers and investors should prepare themselves for the volatility that may occur as a result of this price movement. Investment decisions should be made carefully, considering all applicable technical and market factors.

Conclusion

In the face of these volatile market dynamics, a deep understanding of technical structure and market response is key. Ripple (XRP) investors and traders should constantly monitor these indicators and be prepared to take action based on changes. Timely and data-driven decisions can help in optimizing investment returns amidst market fluctuations.

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