Watching $XRP for a potential drop
As long as $XRP stays below 1.07, it looks primed for a leg down towards support at 1.00, a break below which could accelerate the downtrend
Price is trading below SMA7 and SMA25, 10-bar trend is bearish, near support but not yet broken
A daily close above 1.07 breaks this setup and could lead to a trend reversal
Are you shorting this bounce on $XRP or looking for a deeper drop?
As long as $XRP stays below 1.07, it looks primed for a leg down towards support at 1.00, a break below which could accelerate the downtrend
Price is trading below SMA7 and SMA25, 10-bar trend is bearish, near support but not yet broken
A daily close above 1.07 breaks this setup and could lead to a trend reversal
Are you shorting this bounce on $XRP or looking for a deeper drop?