Is XRP Facing a Price Turn? Analysis of Market Signals

Recent price action for XRP has shown signs of exhaustion after experiencing a notable rally, prompting questions about the asset’s future direction. While the four-hour and daily charts suggest weakening momentum, a structural support test appears imminent. As XRP approached a potentially crucial reversal point, its recent surge saw a sharp increase above the descending trendline on the four-hour chart. However, now, a rounded top has formed in the rally, leading to a drop in both price and volume. This suggests waning buying pressure is brewing.