XRPUSDT → The bulls won't hold support. Falling to 1.9

is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing

XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high.
At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63.

Resistance levels: 2.265, 2.365, 2.509
Support levels: 2.0637, 1.9

The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction.

Regards R. Linda!

Trade active

After a false breakdown of support, a weak reaction is formed and the price fails to update the local maximum. XRP returns to the support and forms another retest.
Chances are growing

Trade closed: target reached

RLinda

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