BEARISH 📉 : XRP rebounds but remains under pressure in broader downtrend

The recent sharp rebound of XRP follows a significant sell-off, raising questions about whether this signals a trend reversal or a temporary relief rally.

Capitulation and Rebound

XRP experienced a steep sell-off leading to a new lower low, highlighting persistent bearish pressure.
Panic selling peaked, suggesting capitulation as weaker holders exited the market.
The price has stabilized with a short-term recovery attempt, indicating easing selling pressure.
XRP surged over 30% in a rapid rebound, typical after strong declines.
Despite this rebound, the medium-term downtrend persists unless key resistance at $2.20 is overcome.

Key Levels for Trend Shift

A sustained move above $1.80–$1.85 could indicate buyers regaining control.
The $1.35 level remains a crucial reference point, with risks of price retracement if recovery slows.
Impulsive rallies may signal distribution rather than accumulation, possibly preceding further declines.

XRP's immediate strength post-sell-off shows potential, but the overarching bearish structure remains unless critical resistance levels are breached, determining whether this is a sustainable recovery or another lower high.