Bongy-ggs

XRPUSD we still looks weak and very bearish to my eyes

שורט
XRP/USD seems to maintain a bearish sentiment based on recent chart patterns, particularly noting the formation of a bearish engulfing candle in the last month. This specific candlestick pattern typically indicates a potential reversal of the prior trend, suggesting a shift towards a more bearish outlook in this case. Traders and analysts might interpret this as a signal of continued downward pressure on XRP's price in the near future.Considering the current market dynamics and historical price behavior of XRP/USD, it's plausible to argue that the 0.40c and 0.20c levels could serve as key support levels in the future. These levels have demonstrated significant price action and psychological importance in the past, often acting as areas of strong support during periods of price retracement or consolidation. If XRP were to experience further downward movement, traders and investors might look towards these levels as potential areas for price stabilization and potential buying opportunities. Monitoring price action around these key levels could provide valuable insights into the strength of support and potential future price movements for XRP/USD. stay put
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.