🚨 XRP IS BEING DUMPED HARD BELOW $1.20! TIME TO BUY OR ARE WE HEADED FOR $1.10?
Token $XRP has switched into full capitulation mode. After the hype, the coin was heavily dumped on long traders, and the price fell to 1.1979! Trading volume is astronomical — over $1.07 billion.
Total sell-off: We broke through the lower Bollinger Band and are plunging deep below the EMA(7) and EMA(25) lines. The bearish momentum is very strong.
Extremely oversold: The short-term RSI(6) indicator has fallen to a critical 17.10! This is deep oversold territory for the asset. The MACD is flashing red, but an RSI this low technically calls for at least a short-squeeze bounce.
Level: We found a local low at 1.1891. If it holds, a quick bounce is possible.
#XRP #Ripple #Futures #CryptoTrading #TechnicalAnalysis
Token $XRP has switched into full capitulation mode. After the hype, the coin was heavily dumped on long traders, and the price fell to 1.1979! Trading volume is astronomical — over $1.07 billion.
Total sell-off: We broke through the lower Bollinger Band and are plunging deep below the EMA(7) and EMA(25) lines. The bearish momentum is very strong.
Extremely oversold: The short-term RSI(6) indicator has fallen to a critical 17.10! This is deep oversold territory for the asset. The MACD is flashing red, but an RSI this low technically calls for at least a short-squeeze bounce.
Level: We found a local low at 1.1891. If it holds, a quick bounce is possible.
#XRP #Ripple #Futures #CryptoTrading #TechnicalAnalysis
