Downward trend, bears held the 1.900 - 1.950 area. As part of the downward momentum, XRP broke through the consolidation support, and if the price closes below 1.908 - 1.897, the market will move into a downward distribution.
On upward pullbacks, volumes are falling. Bears dominate the market. All bullish signals or attempts at growth are held back by pressure from sellers. There is no fundamental support, and after the correction, a decline within the main trend should be expected.
Scenario: a false breakout of the specified resistance and prices remaining below these levels may provide an opportunity to go short...
On upward pullbacks, volumes are falling. Bears dominate the market. All bullish signals or attempts at growth are held back by pressure from sellers. There is no fundamental support, and after the correction, a decline within the main trend should be expected.
Scenario: a false breakout of the specified resistance and prices remaining below these levels may provide an opportunity to go short...
Trade active
+2.3% Trade closed: target reached
+3.2%The fall will continue
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Disclaimer
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.