XRP is trading within a clear bearish channel and has reached the resistance area near 3.05 – 3.10. Price is showing rejection signs from the upper boundary of the channel, which may trigger a downside move if sellers hold control.
Key Points:
Bearish channel structure in play
Resistance zone: 3.05 – 3.10
Potential rejection at channel top
Downside target zones: 2.90 and below
This setup favors bears as long as XRP remains below the channel resistance. A confirmed breakout above resistance would invalidate the bearish view.
This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies carries high risk; please trade responsibly and use proper risk management
Key Points:
Bearish channel structure in play
Resistance zone: 3.05 – 3.10
Potential rejection at channel top
Downside target zones: 2.90 and below
This setup favors bears as long as XRP remains below the channel resistance. A confirmed breakout above resistance would invalidate the bearish view.
This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies carries high risk; please trade responsibly and use proper risk management
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Penafian
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.
Penerbitan berkaitan
Penafian
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.