Δημοσίευση
R_3_N
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$XRP remains inside a well-defined multi-month descending channel on the higher timeframe.
Structure is still bearish.
Price continues to print lower highs and lower lows, with repeated rejections at the upper channel boundary. The $1.30–$1.35 region has acted as a major supply zone, multiple wick rejections and failed break attempts confirm sellers are defending that area aggressively.
Current price is hovering around $1.40, down roughly 3–4% in the last 24 hours amid broader market weakness.
Key structure points:
• Descending channel intact
• Supply zone $1.30–$1.35 remains ceiling
• No confirmed higher high on higher timeframe
• Momentum failing at resistance
If price breaks below recent swing lows, downside opens toward $1.20 and potentially the psychological $1.00 level near channel support.
Bullish invalidation requires a strong daily close above $1.35 with convincing volume and follow-through. Without that, bias remains bearish.
Structure first. Breakout second.
Will XRP finally break the channel, or is another move toward $1.00 building inside this macro downtrend?
Structure is still bearish.
Price continues to print lower highs and lower lows, with repeated rejections at the upper channel boundary. The $1.30–$1.35 region has acted as a major supply zone, multiple wick rejections and failed break attempts confirm sellers are defending that area aggressively.
Current price is hovering around $1.40, down roughly 3–4% in the last 24 hours amid broader market weakness.
Key structure points:
• Descending channel intact
• Supply zone $1.30–$1.35 remains ceiling
• No confirmed higher high on higher timeframe
• Momentum failing at resistance
If price breaks below recent swing lows, downside opens toward $1.20 and potentially the psychological $1.00 level near channel support.
Bullish invalidation requires a strong daily close above $1.35 with convincing volume and follow-through. Without that, bias remains bearish.
Structure first. Breakout second.
Will XRP finally break the channel, or is another move toward $1.00 building inside this macro downtrend?
Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.
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