Technical analysis by Quant_Trading_Pro about Symbol XRP on 17 hour ago

XRP continues to respect a descending trendline from the August highs, keeping the pair locked in a steady downtrend. Sellers have consistently reacted within the supply zone near $3.00, preventing any bullish breakout attempt. Currently, price is testing the 2.75 support level, which has acted as a critical floor multiple times. A decisive breakdown here could extend losses toward lower supports, while a bounce could spark another test of the descending trendline. Key levels to watch: Resistance: $3.58 (major resistance), $3.00 (supply zone) Support: $2.75 (major horizontal support) Momentum: Stoch RSI is in oversold territory, hinting that a potential relief bounce could form if support holds. Until XRP clears the trendline, the bias remains pressured. A daily close below 2.75 risks continuation lower, while reclaiming the supply zone would signal strength for a potential trend reversal.