XRP has broken below the major $1.20 support zone and remains trapped inside a strong bearish channel, with sellers firmly controlling momentum.
📊 What the indicators are saying:
• RSI near 24 (deeply oversold)
• MACD remains bearish
• Selling volume continues to rise
🎯 Key Levels To Watch:
🔴 Support:
• $1.10
• $1.05
🟢 Recovery Targets:
• $1.20
• $1.30
While oversold conditions could trigger a short-term bounce, the broader trend remains bearish until XRP can break out of the descending channel.
⚠️ The next few sessions could be crucial: Will XRP stage a relief rally from oversold levels, or is another leg lower toward $1.00 on the horizon?
📊 What the indicators are saying:
• RSI near 24 (deeply oversold)
• MACD remains bearish
• Selling volume continues to rise
🎯 Key Levels To Watch:
🔴 Support:
• $1.10
• $1.05
🟢 Recovery Targets:
• $1.20
• $1.30
While oversold conditions could trigger a short-term bounce, the broader trend remains bearish until XRP can break out of the descending channel.
⚠️ The next few sessions could be crucial: Will XRP stage a relief rally from oversold levels, or is another leg lower toward $1.00 on the horizon?
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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.
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.