The tide has shifted for $XRP . After a failed attempt to reclaim the $2.00โ$2.10 psychological zone, the bears have seized the momentum. Losing the 200-day EMA acted as a trigger for a "mountain fall," pushing price action into a steep descending channel.
Current sentiment across the crypto landscape is pinned at Extreme Fear (Index: 7/100). Between the broad market drawdown and the anticipation of the February escrow unlock of 1 billion XRP, traders are playing it safe. However, beneath the surface, on-chain data reveals a different story: Whales are accumulating at these lower levels, preparing for life after the supply pressure eases.
๐ Trading Signal: XRP/USDT (Sell/Short Focus)
Direction: Short (Bearish Momentum) ๐
Stance: Sell on Rallies / Watch for Channel Breakout
Sell Zone: $1.70 โ $1.85 (Retest of broken support)
Target 1: $1.46 (Recent Swing Low) ๐ฏ
Target 2: $1.25 (Major Historical Support)
Stop Loss (SL): $2.15 (Above 200 EMA & Resistance)
๐ Technical & Fundamental Outlook
XRP is currently trapped in a descending channel. To flip bullish, we need a decisive breakout above the channelโs upper boundary and a reclaim of the 200 EMA.
The Bearish Case: The "Extreme Fear" and the 1 billion XRP escrow unlock (Feb 1st) are creating heavy pre-emptive selling. As long as we stay below $2.00, the path of least resistance remains down.
The Silver Lining: Whale wallets are rising. History shows that when "millionaires" accumulate during extreme fear, a market bottom is often nearby. Watch for the pressure to lighten once the February supply is absorbed.
Risk Management: With volatility hitting record highs, keep your leverage low and your eyes on the $1.69 support floor.
Are you following the whales and accumulating, or waiting for a confirmed breakout? Let us know! ๐
