$XRP is compressing at support, and this is exactly where traps get set. 👀
Price is sitting right at 1.36, wedged between a descending channel and a bullish wedge lower boundary. The candles are tight. That kind of squeeze usually ends with someone getting punished.
The rejection already happened at 1.44. Price couldn't push through, and now it's back testing the floor. Late longs who bought the wedge bounce are now sitting uncomfortable.
Upside only confirms above 1.44. That is the level that flips the story bullish and squeezes anyone leaning short. Below 1.36, the channel wins, support breaks, and momentum likely accelerates lower with no obvious floor in the immediate structure.
Right now the pressure is on the bulls. 🎯 The compression looks like consolidation, but it can also be distribution before a clean breakdown.
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