$XRP ‌ H#GateLiveMiningProgramPublicBeta ere is a technical analysis:

Current Overview
· Current Price: 1.737 USDT
· 24h Change: -1.75%
· Market Sentiment: Bearish in the short term
Key Price Levels
· Resistance:
· Immediate: 1.795 (SAR level)
· Upper Bollinger Band: 1.972
· Recent Highs: 1.946 (chart annotation)
· Support:
· Lower Bollinger Band: 1.683
· Recent Low: 1.712 (24h low & annotation)
Indicator Analysis
1. Bollinger Bands (20,2):
· Price is currently near the Lower Band (1.683), indicating potential oversold conditions.
· Middle Band (1.828) is above the current price, confirming short-term bearish momentum.
· Band width suggests moderate volatility.
2. Parabolic SAR (0.02,0.02,0.2):
· SAR is at 1.795, above the current price, confirming a downtrend.
· Until price closes above 1.795, the trend remains bearish.
Volume & Market Activity
· 24h Volume: 74.98M XRP
· 24h Turnover: 131.40M USDT
· High turnover relative to price suggests active trading, possibly accumulation or distribution near lows.
Chart Structure
· Price has rejected from the 1.946 level twice (annotations), forming a lower high.
· Currently testing the 1.712–1.737 support zone.
· The 4h chart (selected timeframe) shows a clear downtrend from 1.946 to 1.737.
Scenario Outlook
· Bullish Scenario:
· If price holds above 1.712 and breaks above SAR (1.795), look for a move toward 1.828 (middle BB) or 1.872.
· Bearish Scenario:
· Breakdown below 1.712 could target the lower BB at 1.683 and possibly extend toward 1.65.
Conclusion
XRP is in a short-term downtrend with key resistance at 1.795 and support at 1.712/1.683. A close above SAR could signal a trend reversal, while a break below 1.712 may intensify selling pressure. The Bollinger Band squeeze near the lower band suggests a volatility expansion may follow soon.$XRP ‌