XRP, How Low Can You Go?

1 feb

XRP is currently experiencing a downward trend across both 4-hour and 1-hour timeframes. The key level to watch is $3.00, which needs to establish as support to reverse the current bearish trend.

XRP is currently in a downtrend in both 4-hour and 1-hour timeframes.

To break the trend, price needs to find support at $3.00.

A 1-hour liquidity zone exists between $2.948 and $2.9244. Price should fill this zone. Price can get there if it's rejected at $3.00.

There is a 4-hour Fair Value Gap ($2.85–$2.83) that should be taken into consideration.

If the 4HR FVG is hit, it needs to retrace to $2.86ish and hold with support. If it does not find support in the FVG, price could be headed to $2.78ish.

If support is not found there at $2.78, a 1-hour Liquidity Zone now plays a factor. Price could visit mid-to-low $2.60s.

If it does hit $2.60s, I believe it will find support and start to rebound back to $3.00.

Just my analysis. What do you think is going to happen? Would love to get other perspectives and feed back!😊😊

2 feb

Trade chiuso: obiettivo raggiunto

Chat projection played into the gap. This might be the last sell off this cheap we ever see. I still cant get a clear idea on what price wants to do, go a little lower Mayber? But I think we are up from this sell off!