XRP up 1% feeling euphoric

#CryptoMarketSeesVolatility XRP is currently around $1.310, down 2.24% over the past 24 hours. The price is below all EMA levels: 5, 10, 20, 60, and even 200. The trend is clearly downward, with each attempt to rise being met with resistance from moving averages. According to CoinDesk (here is the link), XRP failed to hold above $1.35 and dropped to $1.31. The volume on the pullback increased, with sellers actively exiting into the rally. Liquidity on major crypto exchanges has thinned out, order books are empty, and the market has become nervous. Interestingly, open interest is increasing despite the falling price, indicating more short positions are being taken. The takeaway: $1.35 is now a strong ceiling. The nearest support is at $1.31–$1.30, and a break below could open the way to $1.28. Now, on the chart. The price nearly touched the lower Bollinger Band ($1.266) but is holding for now. RSI6 has fallen to 30.7, entering oversold territory. Usually, this leads to a local rebound, but only if volume picks up. KDJ shows J above K and D, with a weak crossover and no enthusiasm. MACD is negative, the histogram is heading downward, and the bearish momentum remains. Trading volume over the past day is small for XRP, with no major players entering the market. This confirms CoinDesk’s statement about dried-up liquidity. More than half of XRP holders are currently in the red, so even a slight downward move could trigger panic selling. Regarding potential setups: the key zone is $1.30. If the hourly candle closes below this level, we could head toward $1.25–$1.28. To reverse the trend, a move back above $1.33–$1.35 with volume is needed. For now, any attempt to rally is just a reason to sell. This post is not financial advice; always DYOR. $XRP