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XRP Faces Further Decline Amid Lack of Support Levels
XRP is experiencing significant downside pressure, with analysts expressing pessimism regarding its short-term recovery. The cryptocurrency has slipped below key support zones, increasing the likelihood of further declines.
Key Points
- XRP's price action suggests it may lose its Descending Channel, indicating weakness rather than stabilization.
- The probability of reclaiming the $1.95 level by the weekly close is low; a technical downside target near $0.90 has been identified.
- No meaningful support levels are currently holding, leaving XRP vulnerable to continued selling pressure.

- XRP is trading within a downward channel, with recent attempts to bounce capped by descending resistance.
- Momentum indicators like the Relative Strength Index (RSI) highlight ongoing pressure and persistent weakness.
Potential for Short-Term Recovery
- A daily close back inside the Descending Channel could offer temporary relief but is considered a minor development compared to larger structural levels.
- The $1.95 level on the two-week close remains a critical area to watch as a defining support zone for XRP.
