:
$XRP is currently sitting at the lower trendline support of a falling wedge on the daily timeframe. This is a sensitive area where price usually decides between relief bounce or deeper continuation — and right now, pressure is clearly building.
The 1.71 level is the key line in the sand.
Bearish continuation scenario🔽
If 1.71 gets lost with acceptance:
Structure breaks down
High probability move toward 1.58
Further weakness can drag price into 1.40 zone
This would confirm a deep correction, not just a pullback.
Bullish recovery scenario 🔼
For bulls to regain control:
Price must reclaim and hold above 1.80
Acceptance above this region opens room for: 2.00 - 2.20
Until then, any bounce remains corrective, not trend-changing.
This is a wait-for-confirmation zone.
Let the level decide — not hope.
The 1.71 level is the key line in the sand.
Bearish continuation scenario🔽
If 1.71 gets lost with acceptance:
Structure breaks down
High probability move toward 1.58
Further weakness can drag price into 1.40 zone
This would confirm a deep correction, not just a pullback.
Bullish recovery scenario 🔼
For bulls to regain control:
Price must reclaim and hold above 1.80
Acceptance above this region opens room for: 2.00 - 2.20
Until then, any bounce remains corrective, not trend-changing.
This is a wait-for-confirmation zone.
Let the level decide — not hope.
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