Technical analysis by FXNEWSCLUB about Symbol XRP: Sell recommendation (11/8/2025)

Market Structure: Price has broken below the mid-range support around 2.77 – 2.80 zone, turning it into resistance. The market has formed lower highs and lower lows, confirming a downtrend structure. 📉 Bearish Scenario: The red zone around 2.77 – 3.00 acts as a supply zone / resistance area. Price may retest this area before continuing downward. The projected target (based on your arrow) is around 1.31, which aligns with the previous demand/support zone from earlier in 2025. 🎯 Key Levels: Resistance (Sell Zone): 2.77 – 3.00 Current Price: ~2.28 Target (Support Zone): 1.30 – 1.35 Invalidation (Stop Loss Zone): Above 3.00 ⚙️ Technical Confluence: Break and retest pattern after bearish momentum. Previous structure support now acting as resistance. Potential Fibonacci retracement from last drop aligns near 2.77 zone (~0.618 level). 📊 Bias: ➡️ Bearish bias unless price reclaims and closes above 3.00 on 4H or Daily timeframe.