🚨 Painful break of the highs:$XRP records 7 lower highs, and the $1.13 level will decide its fate! 📉⚡
$XRP continues its bearish correction on the weekly timeframe, recording 7 consecutive lower highs since late September, despite the broader overall trend remaining bullish.
📊 Key technical levels:
- Critical support level: $1.130 (a weekly close below it opens the way toward $0.961).
- Resistance and invalidation zones: A weekly close above $1.271 ends the bearish scenario, while the key pivot point is at $1.402.
💡 Accumulation tip:
The best strategy is to wait and not rush; watch price action at $1.130 or wait for a confirmed rebound above $1.271 before making any buying decision.
My question for analysts 👇:
Will the $1.130 level hold against this selling pressure, or is a visit to the low at $0.961 now just a matter of time?
#XRP #BinanceSquare #CryptoTrading #Altcoins #MarketDownturn
$XRP continues its bearish correction on the weekly timeframe, recording 7 consecutive lower highs since late September, despite the broader overall trend remaining bullish.
📊 Key technical levels:
- Critical support level: $1.130 (a weekly close below it opens the way toward $0.961).
- Resistance and invalidation zones: A weekly close above $1.271 ends the bearish scenario, while the key pivot point is at $1.402.
💡 Accumulation tip:
The best strategy is to wait and not rush; watch price action at $1.130 or wait for a confirmed rebound above $1.271 before making any buying decision.
My question for analysts 👇:
Will the $1.130 level hold against this selling pressure, or is a visit to the low at $0.961 now just a matter of time?
#XRP #BinanceSquare #CryptoTrading #Altcoins #MarketDownturn
