$XRP just printed its lowest price in 30 days, and the bounce so far looks tired.
Quick read on the chart:
• Today's low: 1.174. That's the bottom of the whole 30-day range. Price now 1.186, -3.8% on 24h
• Yesterday was the real damage: it opened at 1.305 and closed at 1.207 (-7.5%) on about $138M of volume
• 1.20 held as the floor on Nov 5, then gave way today. Every bounce since has stalled right around it
• From the 7-day high of 1.3414 it's down about 11.6%. Over 30 days it's -16.6%
• 24h volume is ~$142M, roughly 26% above the 30-day daily average. Sellers are showing up, not just drifting off
Price sits under both the 24h average (~1.200) and the 7-day average (~1.256), so the short-term trend is still pointing down.
My levels:
1.20 is the line to reclaim. An hourly close back above it would turn today into a failed breakdown.
1.174 is the line to watch. Lose it on rising volume and the range opens up below.
Do you treat the 30-day low as a buy zone or as a level you stay away from?
Not financial advice.
#XRP #CryptoTrading #TechnicalAnalysis
Quick read on the chart:
• Today's low: 1.174. That's the bottom of the whole 30-day range. Price now 1.186, -3.8% on 24h
• Yesterday was the real damage: it opened at 1.305 and closed at 1.207 (-7.5%) on about $138M of volume
• 1.20 held as the floor on Nov 5, then gave way today. Every bounce since has stalled right around it
• From the 7-day high of 1.3414 it's down about 11.6%. Over 30 days it's -16.6%
• 24h volume is ~$142M, roughly 26% above the 30-day daily average. Sellers are showing up, not just drifting off
Price sits under both the 24h average (~1.200) and the 7-day average (~1.256), so the short-term trend is still pointing down.
My levels:
1.20 is the line to reclaim. An hourly close back above it would turn today into a failed breakdown.
1.174 is the line to watch. Lose it on rising volume and the range opens up below.
Do you treat the 30-day low as a buy zone or as a level you stay away from?
Not financial advice.
#XRP #CryptoTrading #TechnicalAnalysis
