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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Your fa
$XRP pushed up from the 1.82 support but failed to show strong continuation above the 1.86 area. The move higher looks corrective rather than impulsive, with price now stalling right below a local resistance zone. Momentum is clearly slowing after the bounce.
Market structure on the lower timeframe remains range-bound with sellers defending the 1.86–1.88 region. Each push up is being met with selling pressure, which keeps downside scalps in play unless a clean breakout occurs. As long as price stays below this resistance, risk favors short setups back into the range.
Only if price breaks and holds above 1.88 with strong volume. Below that level, upside remains limited.