XRP is pushing a mild recovery after tagging 1.970, which acted as the intraday liquidity sweep. The bounce shows buyers defending the level, but the broader structure is still bearish because price remains below MA5, MA10 and MA30, all angled downward. This alignment signals that any upside here is corrective unless XRP reclaims 2.020 with strong participation.

Liquidity behavior shows sell side pressure easing as volume spikes appeared near the lows. That pattern often signals short covering rather than aggressive whale accumulation. No large absorption candles yet, which suggests big players are still waiting rather than committing.

Funding remains neutral, and liquidation flows show most of the move down came from long positions being flushed around 2.01 to 1.99. With that liquidity taken, the market has space for a short term relief push, but momentum remains weak. MACD is still in negative territory with DIF and DEA compressed but not yet curling up.

Key resistance sits at 2.015 then 2.028. A clean break above MA30 at 2.025 would shift momentum and allow a larger recovery wave. Support remains at 1.97, and losing that level exposes 1.955 where deeper liquidity waits.

Right now, XRP is in a bounce phase inside a bearish micro trend. Bulls need a reclaim above 2.02 to flip the structure.

Trade setup
TP 2.018 then 2.028
SL 1.968

My take This is a controlled bounce inside a broader downtrend. Manage risk carefully and do your own research.
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