$XRP opened October at $1.49 and it's now around $1.28. One line separates a bounce from a drop to $1.11. 🚨
Price is down about 13% on the month, still about 64% below its all-time high, and pinned under every major moving average. ETF inflows have dried up, and large holders keep selling into strength. 👀
Levels I'm watching:
🟣 $1.40: the 20 and 50-day averages cap any upside
🔴 $1.33: 100-day EMA, first level to reclaim
🟢 $1.26: critical support, the floor of the August structure
⚠️ Lose $1.26 on a sustained basis and $1.11 opens up, then $0.98
My plan: no catching the knife. I want a daily close above $1.33 before I get bullish, and I'm stepping aside if $1.26 breaks. The Fed meets tomorrow and Wednesday, which could spike volatility.
Does $1.26 hold, or break? 👇
#xrp #RİPPLE #Crypto #cryptotrading #altcoins
@Ismeidy @Wise Analyze @Zetoshi X @Wolf_king88
Price is down about 13% on the month, still about 64% below its all-time high, and pinned under every major moving average. ETF inflows have dried up, and large holders keep selling into strength. 👀
Levels I'm watching:
🟣 $1.40: the 20 and 50-day averages cap any upside
🔴 $1.33: 100-day EMA, first level to reclaim
🟢 $1.26: critical support, the floor of the August structure
⚠️ Lose $1.26 on a sustained basis and $1.11 opens up, then $0.98
My plan: no catching the knife. I want a daily close above $1.33 before I get bullish, and I'm stepping aside if $1.26 breaks. The Fed meets tomorrow and Wednesday, which could spike volatility.
Does $1.26 hold, or break? 👇
#xrp #RİPPLE #Crypto #cryptotrading #altcoins
@Ismeidy @Wise Analyze @Zetoshi X @Wolf_king88
