XRP Price Analysis: Bearish Trend, Potential Rebounce

The XRP price is currently hovering around $1.749, facing sustained selling pressure reflected in the 1-hour chart. Multiple indicators suggest bearish sentiment, with a potential short-term rebound indicated if support holds at a critical level. This analysis breaks down current market conditions using multiple timeframes, technical patterns, and three key indicators: Bollinger Bands (BB), MACD, and the 20-period Simple Moving Average (SMA20).