XRP is trading within a descending channel, struggling to break above key resistance levels. The price has rejected the moving average and is showing potential downside movement. Fibonacci retracement levels highlight key support at $2.31 (0.786 Fib) and $2.02.
If the bearish momentum continues, a retest of the lower trendline may be likely. Can XRP find support and bounce back, or will the downtrend persist? Let us know your thoughts.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis #Trading
If the bearish momentum continues, a retest of the lower trendline may be likely. Can XRP find support and bounce back, or will the downtrend persist? Let us know your thoughts.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis #Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.