XRP has now lost the level bulls needed to hold.
I've been watching $1.15 very closely because it was one of the few levels keeping this market structure together.
Now it's gone.
What I don't like about this chart is that every rally has been getting weaker.
Price pushed towards $1.28 and failed.
Price pushed towards $1.25 and failed.
Price pushed towards $1.22 and failed.
And now support is failing too.
When I look at this chart, I don't see buyers stepping in aggressively.
I see a market that keeps trying to move higher and keeps getting rejected.
For me, that's the bigger story here.
Unless XRP can reclaim $1.15 quickly, I think there's a good chance this move extends lower before it gets any meaningful relief.
