$XRP 3D CHART UPDATE

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XRP
Technical Analysis: The market has recently experienced a massive dump, with the price sliding from peaks near 3.6 down to the 1.9 range. On the 3-day timeframe, XRP has been strictly following a downtrend channel, having been rejected three times by the upper trendline, which confirms a heavy overhead supply zone.

Major Weekly Support Zone:

Strong Demand: The price is currently approaching a major 1-week support zone.

Historical Accuracy: This specific zone has successfully acted as a "bounce" area three times in the past, leading to significant price increases.

Current Status: Buyers are expected to defend this floor aggressively to maintain the long-term bullish structure.

Key Requirements for an Upward Move: For a successful recovery, the following technical conditions must be met:

Hold Support: Price must stabilize and hold firmly above the current weekly support zone.

Breakout Downtrend Channel: A decisive close above the upper boundary of the downtrend channel is necessary to signal a shift in momentum.

[chainsniff]

xrp bouncing the same weekly support again is either strength or last chance