Is $XRP About to Crack Below Support? Bearish Flag in Play! šØ
Crypto fiens,
Chartists, assemble! #XRP has been showing signs of weakness after its strong impulse to $3.40, and now the 1D chart might be whispering something bearishā¦
Check this out:
Bearish Flag Structure?š¤
Sharp drop ā
Sloped consolidation ā
Volume cooling off ā
RSI near oversold (28) ā
All the ingredients for a textbook bearish flag are right there ā and that could mean more downside is brewing.
But what does this MEAN?
A bearish flag is a classic continuation pattern. After a steeeeeep drop, price consolidates upwards slightly, then breaks down again ā often with force.
Visual learner? Hereās a side-by-side comparison of the current XRP structure and a textbook bearish flag pattern.
Looks familiar?
Key Levels to Watch:
Support: $1.61 ā A breakdown here could open the doors to deeper lows.
Resistance: $1.91ā$2.14 (EMA cluster) ā Bulls need a strong close above this to invalidate the pattern.
Where Could $XRP Be Headed? If this flag breaks to the downside, the measured move target could bring XRP near the $1.20ā$1.30 zone.
(Thatās based on the height of the flagpole projected downward from the breakdown point.)
So⦠Whatās YOUR move?
Will you short the break?
Or wait for confirmation before acting?
Drop your analysis below and letās discus this together.
The market rewards the prepared ā not the panicked.
THE crytpo fien,
my regards