XRP is in a clear downtrend on the 1H chart, printing lower highs and lower lows from the 1.5600 peak with no bullish structure reclaimed. Price has broken below the key 1.3000 resistance level, which now acts as the first meaningful barrier on any dead-cat bounce. Trader is positioned short, targeting 1.2800 then 1.2600, with a stop at 1.3200. Continuation pressure favored until structure changes.

This is not financial advice. Content is AI-generated.