XRP Eyes Breakdown in Descending Channel
已更新
The XRP/USDT chart currently shows a downward sloping channel, with the price trading at $1.4071, down by -0.26%. The pair remains under pressure as it struggles to break out of the descending structure, suggesting bearish momentum continues to dominate.
The price is hovering near the upper boundary of the channel, presenting two key scenarios. If bulls manage to break above the channel, XRP could move toward the next resistance around $1.50, creating a short-term bullish opportunity. However, the more likely outcome, given the current trend, is a rejection at the channel's resistance, pushing XRP lower.
In the bearish scenario, XRP could fall further toward $1.36 and eventually test the key support at $1.17. The moving averages indicate a downtrend remains intact, providing additional resistance to upward movement.
For traders, watch for a breakout confirmation above the channel for long positions, or look for bearish signals near resistance for a short opportunity. The descending channel structure will likely dictate price action in the near term.
The price is hovering near the upper boundary of the channel, presenting two key scenarios. If bulls manage to break above the channel, XRP could move toward the next resistance around $1.50, creating a short-term bullish opportunity. However, the more likely outcome, given the current trend, is a rejection at the channel's resistance, pushing XRP lower.
In the bearish scenario, XRP could fall further toward $1.36 and eventually test the key support at $1.17. The moving averages indicate a downtrend remains intact, providing additional resistance to upward movement.
For traders, watch for a breakout confirmation above the channel for long positions, or look for bearish signals near resistance for a short opportunity. The descending channel structure will likely dictate price action in the near term.
交易开始
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。