XRP/USDT (Bearish Warning Sign?)

💎Technical Analysis Summary💎


BINANCE: XRPUSDT


-XRP potentially broke its neckline of support for this H&S pattern
-If the Bears can send more follow-through in the coming hours or days
-The potential next area of support is located around $0.48
-That is like a -20% downside move, it is a long process if it will happen though
-So I'm giving this as a warning sign because we need to look at both scenarios
-But if you are looking for a Bullish setup
-XRP must regain above the neckline support and consolidate
-So please, always have a trading plan, know when to exit, take profit, and not trade





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