📊 TODAY'S ANALYSIS · $XRP
$XRP cae -3.13% and trading at 1.30 USDT. My take: I’d expect the downtrend to continue; I wouldn’t consider a rebound confirmed yet. The 4h RSI(14) at 35 signals weakness, although today’s volume, down 28% versus the 7d average, makes the decline less convincing.
A break below 1.28, the 48h and 7d low, would confirm that view; a recovery above 1.35, the 48h high, would invalidate it.
The 48h chart is attached. Would you expect it to break below 1.28, or look for that support to hold?
$XRP cae -3.13% and trading at 1.30 USDT. My take: I’d expect the downtrend to continue; I wouldn’t consider a rebound confirmed yet. The 4h RSI(14) at 35 signals weakness, although today’s volume, down 28% versus the 7d average, makes the decline less convincing.
A break below 1.28, the 48h and 7d low, would confirm that view; a recovery above 1.35, the 48h high, would invalidate it.
The 48h chart is attached. Would you expect it to break below 1.28, or look for that support to hold?