Rashedxd
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XRP in Overbought Conditions: Just Be Careful
$XRP
XRP is nearing the completion of a bearish harmonic pattern. I am sharing this analysis as a warning that it could potentially move down from this zone.
It's a very risky assumption because the entire crypto market is focused on the Trump Inauguration. However, considering this pattern, we cannot ignore it, at least to consider taking partial profits or being cautious about any possible crash and taking further steps.
It is not recommended to sell if you believe it may continue to rise, but it's better to know where the price may react.
XRP found a strong resistance zone between 3.5 - 3.53. The price may test the entire zone and could also take a pause before this pattern shows bearish signs.
If the bearish correction begins, it may unfold as shown in the chart.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.#solana #xrp
XRP is nearing the completion of a bearish harmonic pattern. I am sharing this analysis as a warning that it could potentially move down from this zone.
It's a very risky assumption because the entire crypto market is focused on the Trump Inauguration. However, considering this pattern, we cannot ignore it, at least to consider taking partial profits or being cautious about any possible crash and taking further steps.
It is not recommended to sell if you believe it may continue to rise, but it's better to know where the price may react.
XRP found a strong resistance zone between 3.5 - 3.53. The price may test the entire zone and could also take a pause before this pattern shows bearish signs.
If the bearish correction begins, it may unfold as shown in the chart.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.#solana #xrp
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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