❌🔄 XRP Failed 6 Times in a Row: What Happened?
📉 XRP Faces Multiple Rejections
XRP has failed six consecutive times to break above the critical $0.56 resistance level. Each attempt has been met with resistance, making it tough for XRP to gain bullish momentum.
🔻 Potential Downside Pressure
With no clear bullish reversal in sight, XRP is likely to experience short-term downside pressure. The first support level to watch is $0.51, followed by a psychological support at $0.50 if the decline continues.
⚠️ Further Decline Possible
If selling pressure intensifies, $XRP could drop to $0.48, indicating a deeper retracement. The lack of bullish commitment, as seen in the descending volume pattern, suggests that XRP might continue its downtrend unless market sentiment shifts.
