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Crypto

XRP Bulls Must Defend Nearby Demand Amid Short-Term Downside Risk

Guavy AI Editorial Team
Instruments
XRP
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XRP's price has maintained its bullish structure despite recent volatility.

After being rejected at the $1.61, $1.70 resistance zone, XRP slipped back toward $1.53 but remains above $1.50.

The daily chart shows a sequence of lower highs and long upper wicks, indicating notable selling pressure and short-term downside risk for the token's performance.

This signals to traders and participants in DeFi/DEX/CEX that buyers must defend nearby demand before attempting another advance.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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