XRPUSDT Bearish Breakdown? 1.20 Liquidity in Focus

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XRPUSDT Bearish Breakdown? 1.20 Liquidity in Focus​

XRP / TetherUS BINANCE:XRPUSDT
XAUApex

XRPUSDT continues to show a bearish market structure after forming lower highs and lower lows within a descending channel. The recent bullish recovery toward the 1.40 resistance zone faced rejection, suggesting that sellers remain active near this supply area. Price is currently consolidating around 1.32, while the ascending trendline from the recent low is under pressure. A sustained move above resistance could signal a potential shift in short-term price action, but the broader structure remains vulnerable until a clear breakout is confirmed.

If XRPUSDT fails to hold its rising trendline and nearby support, further downside could expose lower liquidity around 1.20, as highlighted on the chart. This liquidity area may become relevant if selling pressure increases and bearish momentum continues. Conversely, holding support and reclaiming higher resistance could support a recovery attempt. Traders may wait for clear price confirmation around these key zones before considering any trade, while monitoring how market structure develops next.

This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.