ZeannRDY
so, what's next?
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Current Price: $96.850 (-2.28% in 24h)
Key Observations:
1. Support level around $96.150 (24h low).
2. Nearest resistance at $100.777 (24h high).
3. Moving Averages (MA) are in a bearish phase:
- MA7 (97.955) below MA25 (98.598)
- MA99 still above at 102.452
Technical Indicators:
- MACD is showing positive signs (9.36), but still weak.
- Trading volume is relatively low (31.325$BTC ).
- Chart pattern is still bearish short-term.
Recommendations:
1. Wait for trend confirmation.
2. Watch if support at $96.150 holds.
3. Need a breakout above $100.777 for a bullish signal.
Risk Management:
- Don’t #fomo.
- Avoid high #Leverage
- Wait for trend confirmation.
DYOR!
$XRP
Here's what I’m seeing from the chart:
1. Price action is currently at $2.49, down -3.09% in the past 24 hours.
2. Trading volume has stabilized (495.80M) compared to the dump yesterday.
3. MACD is starting to show some positive signs (0.0054), though it's still small.
4. MA is still in a bearish crossover position.
Current situation:
- $XRP seems to be trying to stabilize after the pump & dump yesterday.
- Support level is around $2.42 (24h low).
- Resistance is at $2.71 (24h high).
- Lower trading volume suggests a consolidation phase.
My advice:
1. For short-term, maybe better to wait until the trend direction is clearer.
2. Watch if it can hold above $2.42.
3. If you want to enter, better wait for a confirmed break above resistance at $2.71.
The risk:
- Still a chance it could drop further if $2.42 doesn't hold.
- Market is still volatile, so be careful if you’re using leverage.
Here's what I’m seeing from the chart:
1. Price action is currently at $2.49, down -3.09% in the past 24 hours.
2. Trading volume has stabilized (495.80M) compared to the dump yesterday.
3. MACD is starting to show some positive signs (0.0054), though it's still small.
4. MA is still in a bearish crossover position.
Current situation:
- $XRP seems to be trying to stabilize after the pump & dump yesterday.
- Support level is around $2.42 (24h low).
- Resistance is at $2.71 (24h high).
- Lower trading volume suggests a consolidation phase.
My advice:
1. For short-term, maybe better to wait until the trend direction is clearer.
2. Watch if it can hold above $2.42.
3. If you want to enter, better wait for a confirmed break above resistance at $2.71.
The risk:
- Still a chance it could drop further if $2.42 doesn't hold.
- Market is still volatile, so be careful if you’re using leverage.
Here’s the lowdown:
1. $XRP is in a pretty strong bearish trend rn. Price dropped like -19.58% to $2.35.
2. From the technical indicators:
- Moving Averages (MAs) across all timeframes did a death cross, so short-term MA is below long-term MA.
- MACD is also flashing bearish signals with a value of -0.0568.
- Trading volume was pretty high when the price tanked, showing strong sell pressure.
3. Nearest support looks like it's around $2.1-2.2, but if it breaks below that, might be looking for lower support levels.
My advice:
- For short-term, better to wait and see coz the bearish momentum is still strong.
- Wait for a confirmed reversal or bounce at the support level before jumping in to buy.
AND DYOR (Do Your Own Research).
#xrp #dyor
1. $XRP is in a pretty strong bearish trend rn. Price dropped like -19.58% to $2.35.
2. From the technical indicators:
- Moving Averages (MAs) across all timeframes did a death cross, so short-term MA is below long-term MA.
- MACD is also flashing bearish signals with a value of -0.0568.
- Trading volume was pretty high when the price tanked, showing strong sell pressure.
3. Nearest support looks like it's around $2.1-2.2, but if it breaks below that, might be looking for lower support levels.
My advice:
- For short-term, better to wait and see coz the bearish momentum is still strong.
- Wait for a confirmed reversal or bounce at the support level before jumping in to buy.
AND DYOR (Do Your Own Research).
#xrp #dyor
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