XRP Rebound Hits Strong Resistance Amid Ongoing Downtrend

XRP's rebound attempt was met with strong resistance after breaking through its bearish structure. The token faced heavy selling pressure at the start of the week, which is a sign that the downtrend may not be over yet.

According to chart data, XRP bears are currently facing resistance after a break in structure, suggesting that the downtrend persists until a key resistance level is cleared. This could have significant implications for crypto price outlook and market sentiment.

The recent rebound saw XRP gain some ground, but it was short-lived as the token hit a wall at the resistance level. The technicals show that the bearish structure remains intact, indicating that downside risk persists until this key level is cleared.