🌊 $XRP It keeps collapsing! Is the bottom near, or is there still more downside ahead?
💡 Quick technical analysis:
📉 Relentless selling pressure! After peaking at 1.5550, XRP has continued to plunge, reaching 1.4037 currently, down -3.02% over 24 hours. A string of consecutive red candles confirms that sellers are in control.
⚠️ Strong warning: RSI(6) is at 12.76 — an extremely oversold level, rarely seen. This makes the likelihood of a sharp, near-term technical rebound very high, even though the downtrend is still ongoing.
📉 Successive breaks below key support levels! The price quickly broke through the 1.4172 zone, then 1.3890, signaling clear short-term weakness.
$XRP
🚀 Expected scenario:
If XRP fails to defend the 1.3890–1.3807 zone, the sell-off could extend further toward lower levels! But with RSI at these record lows, a quick technical rebound toward the 1.4537–1.4903 zone remains a very likely scenario at any moment.
🔥 Don’t forget the bigger picture!
Despite the current collapse, the longer-term performance still shows some strength: +28.39% over 90 days, despite -50.79% over the full year. For those with a longer-term outlook, these extremely low RSI levels could present an attractive accumulation opportunity, but extreme caution is needed until a true bottom is confirmed. 🌊
📢 Share your thoughts! Will we see a strong XRP rebound soon, or is another leg down coming? 🚀👇 💎 Like and share this post if you’re watching this sharp decline!
$XRP
💡 Quick technical analysis:
📉 Relentless selling pressure! After peaking at 1.5550, XRP has continued to plunge, reaching 1.4037 currently, down -3.02% over 24 hours. A string of consecutive red candles confirms that sellers are in control.
⚠️ Strong warning: RSI(6) is at 12.76 — an extremely oversold level, rarely seen. This makes the likelihood of a sharp, near-term technical rebound very high, even though the downtrend is still ongoing.
📉 Successive breaks below key support levels! The price quickly broke through the 1.4172 zone, then 1.3890, signaling clear short-term weakness.
$XRP
🚀 Expected scenario:
If XRP fails to defend the 1.3890–1.3807 zone, the sell-off could extend further toward lower levels! But with RSI at these record lows, a quick technical rebound toward the 1.4537–1.4903 zone remains a very likely scenario at any moment.
🔥 Don’t forget the bigger picture!
Despite the current collapse, the longer-term performance still shows some strength: +28.39% over 90 days, despite -50.79% over the full year. For those with a longer-term outlook, these extremely low RSI levels could present an attractive accumulation opportunity, but extreme caution is needed until a true bottom is confirmed. 🌊
📢 Share your thoughts! Will we see a strong XRP rebound soon, or is another leg down coming? 🚀👇 💎 Like and share this post if you’re watching this sharp decline!
$XRP