XRP remains in a descending channel, facing strong resistance levels. The price has recently rejected the moving average, signaling potential downside movement. Fibonacci retracement highlights key support at $2.31 (0.786 Fib) and $2.02.
If bearish momentum persists, a retest of the lower trendline is likely. The daily chart shows significant supply zones around 2.3265-3.4106 and 2.5032-2.6487, with additional selling pressure expected between 2.6487 and 3.0153. If the RSI remains below 60-65 within these ranges, XRP could roll over, initiating another bearish impulse wave. Monitoring lower timeframes for signs of trend reversals or uptrend violations can help confirm short entries and long exits.
Should sellers regain control, daily demand zones are identified at 1.5414-1.2843 and 1.1222-1.0033, with Fibonacci retracements reinforcing these levels. Given XRP’s explosive rally in 2024, the monthly and weekly charts feature "tradeable voids" due to expanded-range candlesticks. While these large candles suggest momentum, they also indicate gaps in order flow, which could lead to rapid price movements if a correction occurs.
If XRP sells off, price may decline quickly due to the lack of unfilled orders to absorb movement. Traders should remain cautious and use micro-timeframes to spot early signs of trend shifts and potential entry opportunities.
If bearish momentum persists, a retest of the lower trendline is likely. The daily chart shows significant supply zones around 2.3265-3.4106 and 2.5032-2.6487, with additional selling pressure expected between 2.6487 and 3.0153. If the RSI remains below 60-65 within these ranges, XRP could roll over, initiating another bearish impulse wave. Monitoring lower timeframes for signs of trend reversals or uptrend violations can help confirm short entries and long exits.
Should sellers regain control, daily demand zones are identified at 1.5414-1.2843 and 1.1222-1.0033, with Fibonacci retracements reinforcing these levels. Given XRP’s explosive rally in 2024, the monthly and weekly charts feature "tradeable voids" due to expanded-range candlesticks. While these large candles suggest momentum, they also indicate gaps in order flow, which could lead to rapid price movements if a correction occurs.
If XRP sells off, price may decline quickly due to the lack of unfilled orders to absorb movement. Traders should remain cautious and use micro-timeframes to spot early signs of trend shifts and potential entry opportunities.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。