Most altcoins that fall this hard don’t bounce clean. They bleed, trap a few bids, then bleed again.
$XRP just tagged 0.893 — a level that hasn’t held since the last real flush — and snapped back over 5% in a single 4H candle. That’s not strength. That’s a dead cat stretching before the next leg down.
The 4H chart is the cleanest read right now. Price sits around 0.947, still buried under the 1.006 zone where the trend line and bearish gap converge. Momentum is exhausted — RSI deep in the thirties. Funding is slightly negative, yet the long-to-short ratio is heavily tilted long. Too many hands still trying to catch this knife.
The volume-weighted anchor from the last 48 hours sits near 1.045 — that’s the ceiling. Lose 0.947 on a 4H close and the next logical draw is 0.872. The thesis only breaks if price reclaims 1.006 and holds it.
My read: this is a chart still looking for a bottom, not one that found it.
Follow for the follow-up when 0.947 either holds or fails — I’ll update the read either way.
What level are you watching closest on $XRP right now? 👇
⚠️ Not financial advice. DYOR.
#XRP #Ripple #Crypto #BinanceSquare
$XRP just tagged 0.893 — a level that hasn’t held since the last real flush — and snapped back over 5% in a single 4H candle. That’s not strength. That’s a dead cat stretching before the next leg down.
The 4H chart is the cleanest read right now. Price sits around 0.947, still buried under the 1.006 zone where the trend line and bearish gap converge. Momentum is exhausted — RSI deep in the thirties. Funding is slightly negative, yet the long-to-short ratio is heavily tilted long. Too many hands still trying to catch this knife.
The volume-weighted anchor from the last 48 hours sits near 1.045 — that’s the ceiling. Lose 0.947 on a 4H close and the next logical draw is 0.872. The thesis only breaks if price reclaims 1.006 and holds it.
My read: this is a chart still looking for a bottom, not one that found it.
Follow for the follow-up when 0.947 either holds or fails — I’ll update the read either way.
What level are you watching closest on $XRP right now? 👇
⚠️ Not financial advice. DYOR.
#XRP #Ripple #Crypto #BinanceSquare
