🚨 XRP: Why Bears Couldn't Break $1 😳📊 After one of the ugliest selloffs of the year, $XRP crashed from the $1.30 area to almost $1.05 📉. At that moment, most traders were convinced a move below $1 was inevitable. But it never happened. When panic is at its peak and a $BTC market still refuses to make new lows, it usually means sellers are getting exhausted. Does that mean a bull run is starting? Not even close 🚨 The market spent weeks searching for a level where sellers would finally run out of ammunition, and right now that level looks like $1.05-$1.10 👀. If buyers can continue defending this zone and eventually push $XRP back above $1.30, sentiment changes quickly. But if $1 breaks, all the bottom-calling starts over again. #MyGateTradeStory $XRP ‌

Technical Outlook on Altcoins: Ethereum and XRP Support a Rapid Rebound Ethereum is currently trading at $1,662, continuing a bearish phase as the price remains below the 50, 100, and 200-day exponential moving averages. The 50-day exponential moving average at $2,012 represents the first dynamic resistance level, followed by the 100-day EMA at $2,158, then the 200-day EMA at $2,422, indicating that any rebound will face multiple resistance hurdles. Momentum conditions remain strong, with the Moving Average Convergence Divergence (MACD) indicator still in the negative zone on the daily chart, and the Relative Strength Index (RSI) hovering around the 30 mark on the daily chart, suggesting oversold conditions but still under pressure rather than a confirmed bullish reversal. Daily ETH/USDT Chart On the downside, the nearest psychological support level is at $1,600, followed by $1,500. Holding above these levels may encourage buyers to increase their positions, expecting a sustained breakout toward the SuperTrend resistance level at $1,850. On the upside, a daily close above the 50-day EMA at $2,012 would be the first sign of sellers losing control, opening the door toward the 100-day EMA at $2,158, and if surpassed, toward the more significant 200-day EMA at $2,422. Meanwhile, XRP is trading at $1.12, reinforcing the near-term bearish bias as the price remains decisively below the 50, 100, and 200-day EMAs clustered between $1.30 and $1.61, while the SuperTrend line at $1.26 also limits upward movement. The RSI has recovered from the oversold region but remains near 32 on the daily chart, indicating that selling pressure is only easing rather than reversing, and the negative MACD chart further supports the dominant bearish momentum. Daily XRP/USDT Chart On the upside, initial resistance appears at the SuperTrend barrier around $1.26, before the 50-day EMA at $1.30, where a daily close above this level is needed to ease immediate downside pressure. On the bullish side, the 100-day EMA at $1.40 and the 200-day EMA near $1.61 define a broader bearish structure. Unless XRP recovers at least above these medium- and long-term averages, rebounds are likely to be considered corrective within the prevailing $ETH downtrend.

$XRP | 1h | Short Setup Bias: Short Entry Zone: 1.1280 to 1.1340 Stop Loss: 1.1425 Targets: TP1: 1.1165 TP2: 1.1055 TP3: 1.0920 Invalidation: Close above 1.1425 Why This Setup: I’m leaning short while XRP keeps rejecting the 1.13 area after failing to reclaim the prior swing highs. The 1h structure still favors a lower-high continuation, and a clean break back below 1.1165 should open the way toward the 1.10 and 1.09 liquidity zone. #GateSquareMayTradingShare