Zooming out on $XRP and there’s a setup here worth paying attention to, both on price and momentum.
Right now both price and RSI are still stuck below their descending trendlines. That matters because until both of those get reclaimed, this is still technically a downtrend, no matter how oversold it starts to feel. A breakout above both of those trendlines together would be the first real tell that something’s shifting. Not a bottom confirmation, just the first sign.
On the price side, $XRP is now creeping down into a pretty important support zone around $0.95. This isn’t just some random horizontal line either, it’s the level that’s been holding up the broader roadmap idea (the white path a lot of people have been tracking).
If $0.95 breaks and actually holds below on a close, not just a quick wick, that roadmap scenario is basically invalidated. It would open the door to a deeper leg down instead of the recovery path a lot of people are expecting.
So the way I’m watching this… $0.95 is the level that decides a lot here. Hold it, and there’s still a case for the reversal setup to build. Lose it, and the structure shifts to something more bearish.
Trendlines on both price and RSI still need to break for real confirmation either way.
Not financial advice, just my read on the chart.
Where’s everyone’s line drawn on $XRP right now?
#xrp #Ripple
Right now both price and RSI are still stuck below their descending trendlines. That matters because until both of those get reclaimed, this is still technically a downtrend, no matter how oversold it starts to feel. A breakout above both of those trendlines together would be the first real tell that something’s shifting. Not a bottom confirmation, just the first sign.
On the price side, $XRP is now creeping down into a pretty important support zone around $0.95. This isn’t just some random horizontal line either, it’s the level that’s been holding up the broader roadmap idea (the white path a lot of people have been tracking).
If $0.95 breaks and actually holds below on a close, not just a quick wick, that roadmap scenario is basically invalidated. It would open the door to a deeper leg down instead of the recovery path a lot of people are expecting.
So the way I’m watching this… $0.95 is the level that decides a lot here. Hold it, and there’s still a case for the reversal setup to build. Lose it, and the structure shifts to something more bearish.
Trendlines on both price and RSI still need to break for real confirmation either way.
Not financial advice, just my read on the chart.
Where’s everyone’s line drawn on $XRP right now?
#xrp #Ripple