As we can see from the chart the price broke down from a consolidation area.
Now we can see it retesting 1.0250 or the broken structure now turned into support and we may see it moving lower up to 0.8714.
If the bearish momentum will increase it may test also 0.7856.
Near the support areas, we should see for any price reaction for a potential bullish...
Bought all back in USDC / XRP on 4 Hour Buy Signal.
Keep in mind... this is still in a down trend... and I may get a sell order at the line descending.
Then again, this could be the dip before LIFT OFF!
The Wizard Of Realms 13$
Here we can see head and shoulder like pattern.if it break the neck line then we can get a small target in downword direction . Since it has support area at 1.04 we can take a trade with our risk management. What your view is this a realy a bearish momentum ?
according to the chart, triangle pattern is formed on the chart. the current level is important for XRP.
looking at volume profile shows that if the pattern breaks downward, the target is the bottom of the channel. otherwise it middle of the channel is the target for upward breakout
I reevaluated and sold 75% of my XRP expect buyback at 0.52
This is my current plan.
I still have life changing xrp remaining in case this were going up...
But, those who get greedy... get slaughtered.
Not Financial Advice.
This is what I have done.
I have reduced my exposure to the risky market by 75%
and win (either way.)
The Wizard Of Realms 14$
Ripple's recent price action indicates strong support for the $ 1 price because the price has jumped successfully many times
A downtrend has formed in the Ripple chart over the past month
At the time of writing, XRP is limited between $ 1.12 main resistance and $ 1.05 support
Given the XRP price is close to the main support of $ 1.05, we should be careful of any...
I am feeling a bit more confident on bearish price action. Yesterday BTC pumped to a key resistance level and struggled to push through and has started to roll over. Price action is very weak, so any advances upward are failing and fully retracing. It's a bit frustrating to see us still unable to break support at 1.05, so hopefully that happens soon.