Call check on $XRP: on Nov 9 I said a daily close below $1.09 would open the way to the $1.00 area. It closed near $1.057 on Nov 10, the sixth red day in a row, and tagged a low of $1.031 on Binance. So that one played out.
Now it's around $1.06, down about 21% from the $1.34 close on Nov 4, with Fear & Greed stuck at 29.
My view through Sun Nov 15: the big round $1.00 is the line. If it holds and XRP gets a daily close back above $1.09, a relief move toward $1.15 is on the table. A daily close under $1.00 likely means another leg lower, since there is no recent support below it.
Still bearish while under $1.09, and I'm wrong if it closes above $1.15 this week.
#XRP #CryptoMarket #PriceAnalysis
Not financial advice.
Now it's around $1.06, down about 21% from the $1.34 close on Nov 4, with Fear & Greed stuck at 29.
My view through Sun Nov 15: the big round $1.00 is the line. If it holds and XRP gets a daily close back above $1.09, a relief move toward $1.15 is on the table. A daily close under $1.00 likely means another leg lower, since there is no recent support below it.
Still bearish while under $1.09, and I'm wrong if it closes above $1.15 this week.
#XRP #CryptoMarket #PriceAnalysis
Not financial advice.
