$DOGE XRP Bearish Alert šØš | Strong Sell Pressure & Market Cooling Off āļøš
ā ļø The charts are flashing warnings for XRP, and the setup looks increasingly bearish. šš»
š A strong resistance zone has formed overhead, pushing back attempts at recovery š«š. RSI is flattening šÆš, showing fading momentum, while the MACD has already crossed bearish š» ā signaling weakness creeping into the trend.
š„ Volume spikes are leaning red šØš„, confirming that sell pressure is increasing and buy volume is declining šš. Traders are noticing this imbalance as short positions build up.
š On-chain, whale distribution is picking up š¼ā”ļøš¦. Exchange balances are rising šš¦, meaning more tokens are being sent to centralized platforms ā a classic bearish sign of incoming liquidity for selling. Wallet growth is slowing, further showing network activity cooling down.
š Sentiment across socials is also shifting šš¬. Social sentiment is cooling, with fewer bullish mentions and more caution spreading across communities. Retail traders are showing market uncertainty, avoiding new entries and waiting for clarity.
š” With these signals, breakout chances are fading, and the pattern suggests further downside risk. Traders should manage risk carefully āļø and avoid overexposure. Remember, patience pays off ā forcing trades in weak conditions often leads to losses.
ā³ If conditions persist, XRP could slide further, testing lower supports before any bounce. This market looks heavy ā caution is king. š»š
ā ļø Not financial advice ā always DYOR š§ š