Sellers Testing XRP Near $1 — Key Reclaim Target on Watch
XRP is under heavy pressure right now, trading at $0.9644 down 5.47 percent on the day. Price action is sitting firmly below both the 20-hour moving average at $0.9886 and the 50-hour moving average at $1.0104, confirming a clear bearish trend bias. With the 14-period RSI hovering at 30.5, we are deep in oversold territory, but momentum still favors the sellers. Watch the $0.9457 daily low as immediate support. If that gives way, further downside is likely before any meaningful relief rally toward the psychological $1 handle. Meanwhile, GTC is also lagging at $0.1394.
What is your personal invalidation level on this setup: holding or cutting if support breaks?
$XRP $GTC #Bitcoin #CryptoMarket #TradingView
XRP is under heavy pressure right now, trading at $0.9644 down 5.47 percent on the day. Price action is sitting firmly below both the 20-hour moving average at $0.9886 and the 50-hour moving average at $1.0104, confirming a clear bearish trend bias. With the 14-period RSI hovering at 30.5, we are deep in oversold territory, but momentum still favors the sellers. Watch the $0.9457 daily low as immediate support. If that gives way, further downside is likely before any meaningful relief rally toward the psychological $1 handle. Meanwhile, GTC is also lagging at $0.1394.
What is your personal invalidation level on this setup: holding or cutting if support breaks?
$XRP $GTC #Bitcoin #CryptoMarket #TradingView
