XRPUSDT The structure here is screaming downtrend – BOS after BOS, CHoCHs confirming that the market has been losing steam on every bounce. But right now, the price feels like it’s coiling inside this descending triangle, waiting for something big. I can see that compression — the Enhanced Compression Breakout signal is already hinting at it.
We’re trading near the Discount zone and hovering around equilibrium (~$3.10). This is exactly where smart money likes to pick up positions, but I’m cautious because the supply zones above ($3.48 and $3.60) look heavy. If price doesn’t clear $3.25–$3.30, I’m not convinced of any real bullish move.
On the flip side, if we fail to hold this $3.00 area, I can totally see a liquidity grab down into that $2.90 discount demand block. That’s where I’d expect a strong reaction.
Honestly, this looks like a make-or-break zone. The descending triangle is telling me: “Either I’m going to rip above with volume, or I’ll dump and fill those green zones below.”
My bias?
Short-term – I’m neutral, just watching the squeeze.
Medium-term – Still leaning bearish unless we break out and flip the triangle cleanly.
Price Action: A strong downward move has just occurred, but now a bullish reversal (P) label is showing up after a bounce from recent lows. Price is currently around 3.22 after rebounding from sub-3.00 support.
Support Zone: There's a visible support level around 2.70, which hasn’t been breached. This gives a solid base for the bounce.
Momentum Indicator (bottom panel):
Oversold region was hit.
Indicator line has turned green, signaling a potential bullish momentum shift from the oversold zone.
Buy Signal Alignment: Multiple elements align—price bouncing from support, reversal signal “P”, and the oscillator turning from oversold—suggesting a high-probability bullish continuation, at least short-term.
Likely Prediction: Short-term bullish continuation is likely unless price fails to break above immediate resistance near 3.40. A sustained move above that level could signal a stronger trend reversal. If rejected, consolidation or another retest of support around 3.00–2.70 is possible.
XRPUSDT 
