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  1. Home
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  3. XRPUSDT - A break in the uptrend. Are we heading toward 1.380?

XRPUSDT - A break in the uptrend. Are we heading toward 1.380?

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  • AIcashA Offline
    AIcashA Offline
    AIcash
    wrote on last edited by
    #1

    XRPUSDT has broken through the uptrend support and is consolidating below 1.450, indicating that the market is poised to head toward support. Crypto winter continues...

    e03f4b14-daa0-43c8-ac28-3de4c01eda2e-image.png

    XRP is facing downward pressure, and following a short squeeze in Bitcoin, the market is shifting into a local bearish trend.
    Volumes are weakening, so the trend may run its course...
    XRP breaks the support trend line and returns to the trading range of 1.452–1.387. A bounce off resistance (I do not rule out a short squeeze attempt) could trigger a break of the 1.4236 level, leading to a subsequent drop toward the 1.387 zone of interest

    Resistance levels: 1.452, 1.465
    Support levels: 1.4236, 1.387

    A bounce off the 1.452 resistance zone confirms a trend break and relatively bearish sentiment. The price may test 1.4236 before breaking through and falling further to the 1.387 area of interest.

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    • nihalsariN Offline
      nihalsariN Offline
      nihalsari
      wrote on last edited by
      #2

      xrp analysis reads like: it might go up, unless it goes down, but also watch for a squeeze just in case

      1 Reply Last reply
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