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$XRP sellers may attempt to defend the confluence zone again.
Price is hovering just beneath the descending trendline cluster, and if this area attracts supply once more, downward pressure could start building.
📉 Technical View:
• Pattern: A broad descending structure with compressed rebounds forming inside a narrowing pocket.
• Bias: Bearish-tilted as counter-rallies continue fading near the trendline ceiling.
• Key Level: The $2.30 confluence zone above acts as the decision point, while 1.90 outlines the next lower marker.
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⚠ A clean daily close above the trendline stack would soften the bearish argument and suggest stabilizing momentum.
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