Take 2 minutes of your time to read this thread ๐งต
1)
$XRP spent most of 2023 through late 2024 capped beneath the $0.80/0.70 resistance zone. That level acted as a major ceiling until price finally began breaking out in Q4 2024 which opened the move towards the current July 2025 ATH.
2) From there, momentum began to fade. Key moving averages were lost and a weekly 20/50 EMA death cross confirmed a shift in trend structure which opened the door for the move from the Jan 2026 $2.40 high toward the $1.12 Feb wick low.
3) Since February,
$XRP spent weeks trending sideways, witnessed some relief, but ultimately faced rejection at the 20-week EMA around $1.55, which opened the current drop to the $1.04 low in June.
4) Price has now officially entered my green "area of interest", which is the zone I'm watching for a potential bottom or broader market cycle low between now and Q4 2026.
5) This area also matters due to the fact it could turn into a flipped support/resistance level, where the prior 2023/2024 resistance zone could be turned into support if price holds amid a deeper market drop between now and EOY ($0.90/$0.70).
Key takeaway: from a macro perspective, this is a high-interest support region, but confirmation still matters most, and we do not have it yet. Anything within the "Area of Interest" suggests opportunity, while the weekly EMA resistance levels awaits above to reclaim ($1.45/$1.78) before any signs of macro bullish reversal. Respect the trend until the end -
#NFA