Technical analysis by dennishrndz about Symbol XRP: Buy recommendation (6/1/2025)

Last 5–7 Days of candles:-Series of small-bodied candles with long wicks, especially on top → indecision and rejection from higher levels- Several failed attempts to close above $2.30 (61.8% Fib) → strong selling pressure at resistance- May 30–31 candle: Small red body, closes near the low of the day → mild bearish continuation- Volume decreasing → no major buyer absorption yetThe current setup looks like a descending triangle / flat support with lower highs.Price broke slightly below the horizontal line around $2.17 — bearish structure breakdown if confirmed with follow-throughPrice closes below $2.15, ideally under $2.10 on strong volume.Would signal "failure to hold" the short-term range → leads to move toward next strong support at $2.00–$1.95If $1.95 fails to hold on daily close → next leg lower to:- $1.61 (38.2% Fib) — strong buy level- Possibly even $1.29 in a broader flush-out (only if Bitcoin also drops)*Drop your comment or thoughts on XRP**REMEMBER, everything is probability, nothing is investment advice. Educational only!