XRP just had a lightning-fast breakout up to $1.25, but selling pressure kicked in immediately, pushing the price back below $1.23. Volume surged during the drop, indicating that most of it was profit-taking, not new capital entering the market.
The short-term uptrend is clearly weakening. $1.20 is now a critical support level — if we lose this mark, the risk of a pullback to $1.15 is significant. Conversely, $1.223 and $1.25 are resistance levels that need to be cleared for the bullish structure to be confirmed again.
Despite positive news regarding the ETF and Ripple's payment system, the market is showing caution. This could just be a corrective phase, but it might also be the start of a deeper decline if $1.20 doesn't hold.
Risk management is the top priority right now. Every decision should be based on your own analysis.
#XRP #PhanTich #Trading #Altcoin #Crypto
The short-term uptrend is clearly weakening. $1.20 is now a critical support level — if we lose this mark, the risk of a pullback to $1.15 is significant. Conversely, $1.223 and $1.25 are resistance levels that need to be cleared for the bullish structure to be confirmed again.
Despite positive news regarding the ETF and Ripple's payment system, the market is showing caution. This could just be a corrective phase, but it might also be the start of a deeper decline if $1.20 doesn't hold.
Risk management is the top priority right now. Every decision should be based on your own analysis.
#XRP #PhanTich #Trading #Altcoin #Crypto