Look at the current situation of XRP, stuck in a very awkward position—will it really turn upwards, or is it just going to rebound after falling enough? This question will soon become clear.

The market performance is a bit ambiguous. There hasn't been a panic sell-off, but there are no signs of active capital entering the market either. In simple terms, the selling pressure isn't urgent, and the buying sentiment is also lacking. Sellers are waiting, buyers are observing, and the entire market is just in a stalemate.

From a technical perspective, XRP is currently being tightly pressed by the 50-day, 100-day, and 200-day moving averages, and these lines are all trending downwards, like a "ceiling" pressed against the head. This indicates one problem — the major trend has not yet reversed. As long as it cannot regain these moving averages, any rise is merely a rebound, not a new market trend.

In the short term, XRP is oscillating in a downward channel, with the space getting smaller day by day. The rebounds are weak each time and are quickly pushed down; although the falls can be halted, they cannot find stability. The implication behind this is that the selling pressure is weakening, but the buyers' confidence is still lacking.

The trading volume doesn't tell a good story either. During the rise, the trading volume didn't show a significant increase; there are quite a few green candlesticks, but they don't look "substantial". It's more because the sellers have run out of stock, rather than buyers frantically grabbing.

What's the next step? The key is here:

If XRP can hold its current support level and break out of the descending channel, the rebound potential may reach $2.10–$2.30. However, this is contingent on the trading volume keeping up; otherwise, such a rebound could be quick to come and go, making it even more dangerous.

What about the downside? If the support level cannot be held, the price will continue to fall, seeking those lower historical supports, and the entire trend is in the rhythm of "continuing to build a bottom."

For beginners, XRP is not clearly in a bullish market right now; it is a critical period before direction confirmation. At this time, patience and risk management are more important than anything else, and chasing highs is a big taboo.