Lingrid | XRPUSDT Possible Opportunity to Short the MARKET

Sep 10

XRPUSDT has been in a bearish trend for the past three weeks, creating by lower lows and lower closes. On the daily timeframe, the price action is in a significant consolidation zone between the 0.62 and 0.50 price levels. As the market continues to push down towards the bottom of this range, I believe there is a likelihood of a retest of the support area. If we examine the 0.550 zone closely, we can see that it has been respected multiple times in the past. If the market shows a rejection at this level, it could present a solid opportunity to short, anticipating a retest of the bottom of the consolidation range. My target is support zone around 0.50


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