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XRP
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XRP, How Low Can You Go?

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XRP is currently experiencing a downward trend across both 4-hour and 1-hour timeframes. The key level to watch is $3.00, which needs to establish as support to reverse the current bearish trend.
XRP is currently in a downtrend in both 4-hour and 1-hour timeframes.
To break the trend, price needs to find support at $3.00.
A 1-hour liquidity zone exists between $2.948 and $2.9244. Price should fill this zone. Price can get there if it's rejected at $3.00.
There is a 4-hour Fair Value Gap ($2.85–$2.83) that should be taken into consideration.
If the 4HR FVG is hit, it needs to retrace to 2.86ish and hold with support. If it does not find support in the FVG, price could be headed to 2.78ish.
If support is not found there at $2.78, a 1-hour Liquidity Zone now plays a factor. Price could visit mid-to-low 2.60s.
If it does hit 2.60s, I believe it will find support and start to rebound back to $3.00.

Just my analysis. What do you think is going to happen? Would love to get other perspectives and feed back!😊😊
Trade closed: target reached
Chat projection played into the gap. This might be the last sell off this cheap we ever see. I still cant get a clear idea on what price wants to do, go a little lower Mayber? But I think we are up from this sell off!
Anon-Ron117
Technical IndicatorsSupport and ResistanceTrend Analysisxrpxrpsignalxrpusdanalysisxrpusdforecast

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Technical IndicatorsSupport and ResistanceTrend Analysisxrpxrpsignalxrpusdanalysisxrpusdforecast
Anon-Ron117

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.