A new low for $XRP 30 days; current price 1.1968, previous low 1.1991.
After a new low, three common scenarios are:
① A rebound to the previous low, then a rejection: weakness continues
② Repeated movement around the previous low: consolidation, direction unclear
③ Quickly recovers above the previous low and holds: false breakdown
Price is still below the previous low for now; watch whether it follows ① or ②.
After a new low, three common scenarios are:
① A rebound to the previous low, then a rejection: weakness continues
② Repeated movement around the previous low: consolidation, direction unclear
③ Quickly recovers above the previous low and holds: false breakdown
Price is still below the previous low for now; watch whether it follows ① or ②.
