Everyone is watching this slow bleed on $XRP , but missing the potential liquidity sweep building near key psychological support.
After breaking lower market structure (BoS) multiple times on the 4-hour chart, price is grinding down inside a tight bearish channel near the $1.00 mark. The continuous lower highs and lower lows show bears remain in full control of the immediate trend.
A breakdown below $0.9905 could sweep remaining sell stops before any relief bounce materializes. However, until price breaks above the dynamic trendline resistance near $1.02 , structure favors ongoing downside pressure.
Don't guess the bottom early wait for structure to confirm a real reversal.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis
After breaking lower market structure (BoS) multiple times on the 4-hour chart, price is grinding down inside a tight bearish channel near the $1.00 mark. The continuous lower highs and lower lows show bears remain in full control of the immediate trend.
A breakdown below $0.9905 could sweep remaining sell stops before any relief bounce materializes. However, until price breaks above the dynamic trendline resistance near $1.02 , structure favors ongoing downside pressure.
Don't guess the bottom early wait for structure to confirm a real reversal.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis