XRP is looking bearish right now
Why? Let's look at the clues:
That gap down (FVG) See that empty space where the price dropped suddenly? That's a Fair Value Gap, and it often acts like a magnet, pulling the price back down to "fill" it. 🧲
Red candles: Those strong red candles show sellers are in control, pushing the price lower.
Bollinger Bands Breakout: The price has burst below the lower Bollinger Band, suggesting a strong move down.
Fibonacci Retracement: Looks like XRP tried to bounce back, but it's struggling below the 38.2% Fibonacci level. That's not a good sign for the bulls!
What's next? 🤔
Keep an eye on that FVG! If XRP drops to fill it, we could see a further decline.
Watch those Fibonacci levels. A break below the 50% level could signal more downside.
Disclaimer: This is just my take on the chart, not financial advice! Always do your own research before making any trading decisions.
XRP #crypto #trading #technicalanalysis #FVG #bearish
That gap down (FVG) See that empty space where the price dropped suddenly? That's a Fair Value Gap, and it often acts like a magnet, pulling the price back down to "fill" it. 🧲
Red candles: Those strong red candles show sellers are in control, pushing the price lower.
Bollinger Bands Breakout: The price has burst below the lower Bollinger Band, suggesting a strong move down.
Fibonacci Retracement: Looks like XRP tried to bounce back, but it's struggling below the 38.2% Fibonacci level. That's not a good sign for the bulls!
What's next? 🤔
Keep an eye on that FVG! If XRP drops to fill it, we could see a further decline.
Watch those Fibonacci levels. A break below the 50% level could signal more downside.
Disclaimer: This is just my take on the chart, not financial advice! Always do your own research before making any trading decisions.
XRP #crypto #trading #technicalanalysis #FVG #bearishTrade closed manually
Closed Manually in profit zone, target not reach, sentiment shifted.
Waiting to see where my bottom is for long entry, see new idea for current trend information!
Note
New idea is available for this token. 
Host of The BadAss Bitches Guide To Crypto - available NOW on Spotify & Riverside.fm
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Host of The BadAss Bitches Guide To Crypto - available NOW on Spotify & Riverside.fm
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.