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Just checked the XRP charts again and I’m a bit surprised at how little has changed structurally. Sure, the 6% rally this week looks impressive at first glance, after climbing from $1.11. Currently, XRP is trading around $1.43, but honestly, it feels more like a breather rather than a real trend reversal signal.
The problem: The rally hasn't broken through any significant resistance levels. The macro outlook remains bearish as long as we don’t get above $1.67. On the other hand, the support zone between $1.08 and $0.87 should be watched – if we break through there, things could get uncomfortable again.
Until one of these two boundaries is properly tested, it looks more like sideways movement. No big surprises expected, I’d say. Just staying within the range and waiting for a real signal.