XRP price started a decent increase above $1.920. The price is now correcting 
gains and might struggle to stay in a positive zone. XRP price started a 
downside correction and tested the $1.880 zone. The price is now trading below 
$1.90 and the 100-hourly Simple Moving Average. There is a declining channel 
or a possible bullish flag pattern forming with resistance at $1.9250 on the 
hourly chart of the XRP/USD pair (data source from Kraken). The pair could 
start another increase if it clears $1.950. XRP Price Fails At Resistance XRP 
price started a downside correction from the $1.950 zone, like Bitcoin and 
Ethereum. The price dipped below the $1.920 and $1.90 levels to enter a 
consolidation phase. The price even dipped below the 23.6% Fib retracement 
level of the upward move from the $1.770 swing low to the $1.9578 high. 
However, there is a declining channel or a possible bullish flag pattern 
forming with resistance at $1.9250 on the hourly chart of the XRP/USD pair. 
The price is now trading below $1.90 and the 100-hourly Simple Moving Average. 
If there is a fresh upward move, the price might face resistance near the 
$1.90 level. The first major resistance is near the $1.920 level, above which 
the price could rise and test $1.950. A clear move above the $1.950 resistance 
might send the price toward the $2.00 resistance. Any more gains might send 
the price toward the $2.050 resistance. The next major hurdle for the bulls 
might be near $2.120. More Losses? If XRP fails to clear the $1.920 resistance 
zone, it could start a fresh decline. Initial support on the downside is near 
the $1.8650 level and the 50% Fib retracement level of the upward move from 
the $1.770 swing low to the $1.9578 high. The next major support is near the 
$1.8420 level. If there is a downside break and a close below the $1.8420 
level, the price might continue to decline toward $1.8150. The next major 
support sits near the $1.770 zone, below which the price could continue lower 
toward $1.720. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.8650 and 
$1.8420. Major Resistance Levels – $1.920 and $1.950.

XRP Price Trims Upside, Slow Decline Signals Seller Dominance

Bitcoin’s recent bounce may look like a sign of renewed strength, but the 
price action tells a more deceptive story. With downside liquidity still thin 
and support holding firm, the market appears primed for a move that draws in 
eager bulls rather than rewarding them. This rally could be less about 
recovery and more about setting the stage for maximum pain when sentiment 
flips. Aligning The Mid- And Long-Term Bitcoin Outlook During an in-depth 
technical and psychological analysis, Mr. Wall Street explained that his 
broader outlook on Bitcoin had already been clarified a week earlier, after 
some confusion around his mid and long-term stance. With those time horizons 
now clearly defined, he turned his focus to the short-term picture, outlining 
current market behavior. Related Reading: Bitcoin In Standby Mode: Weekend 
Ranges Rule Before Holiday ‘Chop’ He reiterated that while his mid-term bias 
on Bitcoin remains bearish, the short-term structure has turned bullish. The 
reason centered on insufficient downside liquidity to justify market makers 
initiating the next major leg lower. This imbalance supported the case for a 
temporary relief move to the upside. Thus, Mr. Wall Street placed long 
positions around the Value Area Low between $80,000 and $84,000 on a bounce 
that could later evolve into a bull trap. Shortly after, Bitcoin dipped and 
successfully retested the $84,000 level, which aligns with the weekly MA100, 
following several deceptive upside moves. As a result, his long orders were 
filled as planned, leaving him holding a position from $84,550. The analyst 
noted that he plans to exit only in the $98,000–$104,000 zone, where a Fair 
Value Gap converges with heavy liquidity, making it an ideal area to take 
profit. Being In Longs Doesn’t Change The Macro Bearish Thesis Mr. Wall Street 
clarified that holding long positions does not signal a bullish shift on 
Bitcoin. The broader outlook remains bearish, with expectations for the next 
major downside move toward the $64,000–$70,000 region. In the short term, 
Bitcoin is sitting at strong support while downside liquidity is limited, 
which reduces the probability of an immediate continuation lower. Related 
Reading: Citi Analysts Project Bitcoin Price Could Reach $189,000 Next Year In 
Bullish Scenario A more logical scenario involves market makers engineering a 
bullish move to attract retail participation. As late buyers enter long 
positions, they gradually become exit liquidity, setting the stage for a 
larger downside move once sufficient liquidity is built. He also mentioned the 
$68,000–$74,000 zone had become too widely anticipated to function as a true 
“maximum pain” area capable of resetting market structure. For that reason, 
the downside target was revised lower to the $64,000–$70,000 range, with 
expectations that this zone could be reached in late Q1 or early Q2 of 2026. 
This level represents an initial major target rather than the final bottom. 
Recent price action was highlighted as a clear example of these dynamics. 
Bitcoin’s rapid move from $87,000 to $90,000, followed by a sharp drop to 
$85,000 within hours, resulted in widespread liquidations. Many traders chased 
the upside and were quickly trapped, and fake moves in both directions are 
likely to continue as liquidity is built ahead of a larger move lower. 
Featured image from Pixabay, chart from Tradingview.com

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