XRP Continues Its Decline

#Ripple has been in a clear downward trend since the July peak. The price has been trading below EMA(14) and EMA(30) for a long time. The short and medium-term trend remains bearish. The moving averages are sloping downward and are close to each other. This indicates that unless strong buyers appear, rebound rallies are used as selling opportunities.

A notable point on the chart is that during declines, the volume shows controlled increases rather than sudden spikes. There is no strong reversal candle supported by volume at the bottom levels. This suggests that the selling is more systematic and continuous rather than panic selling. This makes it difficult to say that the decline has completely ended.

The levels where the market reacts on the chart appear to be around 1.75 – 1.80 USDT. This major support zone is very close to the current price. In previous declines, the price held briefly at this level. If daily closes fall below this level, the downward momentum will accelerate, and the major support at 1.60 – 1.62 USDT will be tested. If this support, which has seen sharp wicks in the past, breaks, a psychological and technical gap will form.

1.40 USDT is the mid-term last line of defense. A drop to this level confirms that the bear market is deepening.

In upward movements, the resistance to watch is around 1.95 – 2.00 USDT, which is the first significant sell zone. EMA$USDT 30( is active within this band. If the price cannot stay above it, the rally will be weak. Without a daily close above 2.50 USDT, a trend reversal to the upside is unlikely.

Currently, the market is in a weak demand zone. Buyers are waiting, while sellers are steady. Support breaks are easy, resistance breaks are more difficult. The short and medium-term outlook still appears bearish.

)This is not an advertisement or investment advice. The analysis reflects my personal opinion. It is not definitive.