Technical analysis by benjihyam about Symbol XRP: Sell recommendation (8/2/2025)

If we look at the chart of XRP, you can see that since the move in fall of 2024, we've had a massive lack of balance on the chart. We ran up quickly without testing any levels as support. That makes me think we're going to see the lack of balance get corrected and the same move is now going to happen in the opposite direction. The $1.04-1.20 region looks like a good area of support to me.