Anon-Ron117

Anon-Ron117

My technical analysis suggests XRP might be facing a significant downward pressure in the near term. Here's what I think the charts are telling me: Current Market Structure: - Technical indicators show a descending expansion pattern with lower highs, suggesting bearish momentum Key Support Levels: - Primary support: $3.03 - Secondary support: $3.00 - Critical...

Anon-Ron117

Giving this another go. I have no idea what the heck is going on with XRP and why the price drop but there is a possibility to buy more XRP below $3. - I see a descending triangle formation, which can signal a continuation downtrend. - I established a support line with at around 3 bucks. - If XRP falls to this support, we could look for a bounce back or further...

Anon-Ron117 Updated 

My first TA lol Please critique it and help me get better lol If price is currently near the upper green line and gets rejected (i.e., it fails to close above it on strong volume), it’s likely to turn downward and test the lower boundary again. Since the channel is angled downward, each new low within that channel may be lower than the previous low....