The bullish wave that began to form in late February appears to have stalled out, and $XRP's recent attempt at recovery is losing structure.

The asset was able to create a series of higher lows and momentarily move closer to the $1.50 area, but there isn't any follow-through. The price is returning to hesitancy just below a significant resistance cluster rather than continuing. The rejection close to the short-term resistance trendline and the inability to maintain moveme