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$XRP Bearish Outlook: Key Levels to Watch 📉 Entry: 1.645-1.655 🟩 Target 1: 1.600 🎯 Target 2: 1.560 🎯 Target 3: 1.510 🎯 Stop Loss: 1.695 🛑 XRP is currently displaying strong bearish momentum, with price action suggesting a potential continuation of its downtrend. Analysis indicates a consistent pattern of lower highs and lower lows, pointing to seller dominance in the market. Significant breakdowns from the $1.90 level have been observed, contributing to recent declines. Should $XRP fail to reclaim the $1.695 resistance level, further downside pressure may be anticipated. Traders are advised to monitor these critical price points. Trading involves risk. $XRP #Crypto #Trading #BearMarket #MarketAnalysis
Attention traders! Today Saturday January 31, BNB/USDT dropped 4.47%, hitting a 24h low of 805.00 with current price at 812.05.
The 5min chart shows a clear bearish trend: EMAs (7, 25, 99) are crossing downward, confirming strong bearish momentum.
MACD remains negative (DIF: -6.47, MACD: -1.11), signaling heavy selling pressure. However, RSI readings (6: 33.79, 12: 25.95, 24: 25.80) are deep in oversold territory, which could set up an imminent bounce if volume (242K BNB) picks up.
Dip-buying opportunity?
Watch support around 800 closely. Share your take! 📉 @BNB Chain #BNBDrop #BNBTechnicalAnalysis #CryptoMarket #BinanceSquare #BNBTradingSetup