$XRP has closed red five days in a row, sliding from about $1.34 on Nov 4 to around $1.09 today, roughly 18% lower. The $1.12 to $1.15 zone I flagged on Nov 6 got hit and then broken.
Now it's leaning on $1.09 for a second day, with Fear & Greed at 29 and US CPI out tomorrow.
My view through Fri Nov 13: if $1.09 holds on a daily close, a relief bounce toward $1.15 is the first stop. A daily close below $1.09 opens the way to the $1.00 area.
I lean bearish until XRP gets a daily close back above $1.15, and I'm wrong if it closes above $1.18 this week.
#XRP #CryptoMarket #PriceAnalysis
Not financial advice.
Now it's leaning on $1.09 for a second day, with Fear & Greed at 29 and US CPI out tomorrow.
My view through Fri Nov 13: if $1.09 holds on a daily close, a relief bounce toward $1.15 is the first stop. A daily close below $1.09 opens the way to the $1.00 area.
I lean bearish until XRP gets a daily close back above $1.15, and I'm wrong if it closes above $1.18 this week.
#XRP #CryptoMarket #PriceAnalysis
Not financial advice.
