XRP Pressure From Sellers !!!

XRP coin is next on our watchlist, with good potential for some downward movement here!

We see that after some bullish movement, the price of XRP has formed a so-called triangle pattern, which is currently pressing to the lower side of it, acting as a local support! What we are looking here is a potential breakdown that would lead to a price move towards our next supply zone (marked as a light blue zone)

As of now, it is too early to think of a short, but this setup has a high likelihood of happening if we see a clean breakdown from this pattern! If not, then movement to upper zones is the only wait, which would mean movement towards $0.725

Swallow Team

Comment:

XRP is once again at the center of our radar. After some manipulative news about another ETF approval, we see that people are trying to push prices of XRP and using the same tactics that were used firstly on BTC

This time it did not work and just resulted in a quick push up to 15%, and then the price went back to lower zones. Our gameplan is still on where we see a price to move to lower zones once we see a breakdown

Comment:

And as per mentioned, we had a nice breakdown from triangle formation after those fake news about ETF.

Price currently staying above one support (which was broken but not secured as of now)—potential further drop