Beware the Bear: XRP‘s Frightful Fall 🐻
Alas, the bulls’ brief reign has come to a premature end, and most of the coins are once again wallowing in the red zone, according to CoinMarketCap.
XRP/USD
A sad tale of woes, dear reader, for XRP has plummeted by 3.35% since yesternight.
In a most disheartening turn of events, our beloved XRP finds itself hovering near the woeful support level of $3.05. Fear not, dear investor, for a trifling bounce may yet occur; but if the day succumbs to the darkness of despair, a further correction to the paltry sum of $3.02 may be in store.
On the grander canvas of fate, our hapless XRP is still some distance from the coveted main levels. In this case, prudence dictates that our gaze be fixed upon the nearest zone of $3.
If the day draws to a close with the price tantalizingly near this humble mark or below, a most lamentable test of the desolate $2.80 range may soon follow.
From the murky depths of the midterm, wise traders would do well to keep a watchful eye on the weekly candle’s closure. If the day succumbs to the darkness of despair, and the wick doth signify a long and troubled road ahead, the bears may seize the reins, plunging XRP to the depths of $2.60-$2.80.
At the moment, XRP trades at the pitiful price of $3.0875.
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2025-01-23 17:41