Since the explosive high of $3.40 on Jan 16, 2025 📈, XRP has been sliding inside a persistent downward channel 📉. The trend remains bearish, with bulls struggling to break resistance at every turn.
Today, XRP trades near $2.04, but momentum is weak and the channel shows no signs of reversal yet. If this bearish pressure continues, a drop toward the $1.49 level is on the table—a zone that could offer a textbook buying opportunity for patient bulls! 🛒🔥
🔻 Key Chart Signals:
Downward channel intact since Jan 16, 2025 📆
Lower highs & lower lows dominate the structure 📉
$1.49 is a major support & potential reversal zone 🛑
👀 Strategy: Let the bears do their work. If XRP dips to $1.49, get ready to load up for the upcoming Institutional Altseason! 🚀
Today, XRP trades near $2.04, but momentum is weak and the channel shows no signs of reversal yet. If this bearish pressure continues, a drop toward the $1.49 level is on the table—a zone that could offer a textbook buying opportunity for patient bulls! 🛒🔥
🔻 Key Chart Signals:
Downward channel intact since Jan 16, 2025 📆
Lower highs & lower lows dominate the structure 📉
$1.49 is a major support & potential reversal zone 🛑
👀 Strategy: Let the bears do their work. If XRP dips to $1.49, get ready to load up for the upcoming Institutional Altseason! 🚀
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.
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.