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β οΈ Not financial advice. DYOR. #XRP#Crypto
$XRP looking heavy on the weekly!
Price is stuck below a major resistance zone (~$2.10).
If it fails to reclaim that region, a bearish scenario could drag it down toward key demand levels.
Watching these downside targets closely...
π Bearish Scenario Targets:
Based on your chart's structure, if XRP breaks below the current support zone around $1.88, here are the likely target regions:
Target 1: $1.2931 β previous consolidation & resistance turned support.
Target 2: $0.8622 β clear historical S/R.flip zone
π» Marked Support Regions & Bearish Targets:
$1,129 β First key horizontal support
$690 β Strong historical support from 2018 cycle
$399 β Consolidation zone during COVID era
$208 - $170 β Major demand zone from early 2020
$102 β Final strong support before entering ultra-low
Ethereum has broken down from a rising wedge pattern on the monthly chart, signaling a strong bearish reversal. If momentum continues, we could see deeper retracements into historical support zones.