XRP is currently showing signs of weakness as it continues to drift lower beneath a rounded distribution arc. The price action indicates a potential rounded top pattern, which typically suggests a gradual shift from bullish to bearish sentiment.The asset has broken below the mid S/R zone and is now trading near a crucial strong support area, just above the 200 EMA — which is acting as dynamic support at around $1.95. This level is a key battleground for bulls and bears.
DYR, NFA
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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.