XRP is trading within a clear bearish channel and has reached the resistance area near 3.05 – 3.10. Price is showing rejection signs from the upper boundary of the channel, which may trigger a downside move if sellers hold control.
Key Points:
Bearish channel structure in play
Resistance zone: 3.05 – 3.10
Potential rejection at channel top
Downside target zones: 2.90 and below
This setup favors bears as long as XRP remains below the channel resistance. A confirmed breakout above resistance would invalidate the bearish view.
This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies carries high risk; please trade responsibly and use proper risk management
Key Points:
Bearish channel structure in play
Resistance zone: 3.05 – 3.10
Potential rejection at channel top
Downside target zones: 2.90 and below
This setup favors bears as long as XRP remains below the channel resistance. A confirmed breakout above resistance would invalidate the bearish view.
This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies carries high risk; please trade responsibly and use proper risk management
Trade attivo
Trade chiuso: stop raggiunto
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.