Since the middle of last month, the XRP/USD pair has been actively declining as part of a broader market trend. During this period, the price has exited the medium-term sideways range of 1.3671–1.5136, breaking below its lower boundary, and is now testing the 1.1120 level, while investors assess Friday’s US labour market report, which has already prompted a reassessment of earlier expectations regarding monetary policy easing this year.

Since mid-last month, the XRP/USD pair has been in a sustained downtrend in line with the broader market bias. Over this period, price action has exited the medium-term sideways range of 1.3671 to 1.5136 (Murray level [4/8]–[7/8]), breaking below its lower boundary, and is now testing the 1.1718 level (Murray level [0/8]), which has remained intact since February this year.