Technical analysis by Mrctradinglab about Symbol XRP on 16 hour ago

XRP Army, Price is still trading inside a descending channel, keeping the short-term structure bearish. We recently saw a reaction from daily support, but this move alone is not enough to confirm a reversal. In the past, this support level has shown clean deviations, where price dipped below and quickly reclaimed the level. A similar scenario could play out again, but confirmation is required. Key observation: For any bullish continuation, XRP needs to reclaim the broken support level and hold above it. Without a reclaim, this move remains a relief bounce within a downtrend. I’ll be watching lower timeframes for a potential deviation and reclaim before considering longs. Until then, caution is warranted. Levels to watch: Resistance: reclaimed support + upper channel Support: current daily support zone MrC