Technical analysis by Open-source about Symbol XRP: Sell recommendation (4/6/2025)

XRPUSD – Compression Before Expansion? After a strong rally from late 2024 that peaked near $3.40, XRPUSD has been in a gradual downtrend with a current price around $2.08. Over the past few weeks, price has entered a sideways consolidation zone between $1.95 and $2.20, showing signs of indecision and low volatility. This structure often precedes explosive moves. 📌 Key Levels to Watch: Support Zone: $1.90 – $1.95 Resistance Zone: $2.20 – $2.25 Breakout Target: $2.50 – $2.70 (if resistance breaks) Breakdown Target: $1.75 – $1.60 (if support fails) 🔍 Market Outlook The overall market structure remains bearish, but signs of a potential short-term reversal or relief bounce are forming. A breakout or breakdown from this tight range will likely determine XRP's direction for the rest of the month. Traders should monitor these levels closely, as a decisive move is likely within the next 5–10 days. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.