$FIL and $XRP dropped hard exactly from their major resistance zones.
FIL faced rejection around $0.98–$1.00, as mentioned, and has now crashed all the way to $0.8095. A massive drop from the $1 resistance.
XRP also rejected from the $1.44–$1.49 resistance zone and dropped sharply to $1.28.
Now XRP is sitting right at the $1.23–$1.25 strong support zone. This is an important area to watch for the next reaction.
Both coins are under heavy selling pressure, but after such a fast drop, chasing shorts at these lows carries much higher risk.
Resistance rejection played out perfectly. Now eyes on support.
FIL faced rejection around $0.98–$1.00, as mentioned, and has now crashed all the way to $0.8095. A massive drop from the $1 resistance.
XRP also rejected from the $1.44–$1.49 resistance zone and dropped sharply to $1.28.
Now XRP is sitting right at the $1.23–$1.25 strong support zone. This is an important area to watch for the next reaction.
Both coins are under heavy selling pressure, but after such a fast drop, chasing shorts at these lows carries much higher risk.
Resistance rejection played out perfectly. Now eyes on support.
