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$XRP /USDT – Monthly Technical View (Short Analysis)
#XRP has completed a strong impulsive move from long-term lows, topping near the 3.5–3.6 USDT resistance zone, which aligns with a major historical supply area. The rejection from this zone suggests a corrective phase is underway, forming a descending structure.
Price is currently hovering around 1.9–2.0 USDT, testing a key Support-1 demand zone. As long as this support holds, a consolidation or corrective bounce is possible. However, a decisive breakdown below this range could open the door for a deeper correction toward the lower support box (~0.6–0.8 USDT), marked as wave (C).
Overall bias: Long-term bullish structure intact, but medium-term correction ongoing. Watch how price reacts at the current support for the next directional clue.