That 1.06 EMA7 line isn’t a support – it’s the next trap for $XRP .
A tiny bearish gap sits right under the current price, and the market’s funding tells a different story.
Price is slipping, but a 0.01% funding fee forces longs to pay, while a 2.96 : 1 long/short ratio hints the upside is over‑leveraged. The internals whisper a hidden downside despite a modest 32 RSI.
Watch the 4‑hour picture: the pivot sits around 1.064, just a whisker above today’s 1.056. If $XRP loses that zone and drifts toward the ~0.98 objective, the bearish narrative stays intact. A clean break above the ~1.11 invalidation would nullify the read.
My read: expect a slide toward the low‑0.98 region unless a decisive bounce clears 1.11.
Follow for the next breakdown update when the 1.11 barrier is tested – you’ll see if the downtrend survives. What level do you think will decide $XRP’s next move? 👇
⚠️ Not financial advice. DYOR.
#XRP #Ripple #Crypto #BinanceSquare
A tiny bearish gap sits right under the current price, and the market’s funding tells a different story.
Price is slipping, but a 0.01% funding fee forces longs to pay, while a 2.96 : 1 long/short ratio hints the upside is over‑leveraged. The internals whisper a hidden downside despite a modest 32 RSI.
Watch the 4‑hour picture: the pivot sits around 1.064, just a whisker above today’s 1.056. If $XRP loses that zone and drifts toward the ~0.98 objective, the bearish narrative stays intact. A clean break above the ~1.11 invalidation would nullify the read.
My read: expect a slide toward the low‑0.98 region unless a decisive bounce clears 1.11.
Follow for the next breakdown update when the 1.11 barrier is tested – you’ll see if the downtrend survives. What level do you think will decide $XRP’s next move? 👇
⚠️ Not financial advice. DYOR.
#XRP #Ripple #Crypto #BinanceSquare
