Ako izgubite ovu podršku, hoće li cijena XRP pasti na 0.36 dolara?

A bearish breakdown from the inverted flag pattern releases the trapped bearish momentum in the ripple coin. Currently, the altcoin is in a retest phase, trying to validate whether it can sustain this breakdown. Moreover, the XRP price may undermine the November recovery if the overall market sentiment remains bearish. 

Ključne točke: 

• An inverted flag pattern breakdown sets the XRP price for a 6% fall.
• Ključni EMA (20, 50, 100 i 200) trgovanje iznad cijene novčića stvara višestruki otpor protiv rasta cijena.
• Obim trgovanja unutar dana u XRP-u je 2.3 milijardi dolara, što ukazuje na povećanje od 16%.

Izvor- Tradingview

The last few week’s recovery rally in the crypto market pushed the majority of altcoins to higher grounds, including Ripple(XRP). As a result, the coin price rallied from $0.322 to $0.41 high, registering a growth of 27.6%.

However, the daily chart shows that this price recovery was a part of a bearish pattern inverted flag. In theory, a recovery phase in the pattern is a short break before the coin price resumes its prior downtrend. Moreover, a breakdown below the pattern’s support trendline signal the completion of this pattern.

Thus, today, the crypto market witnessed aggressive selling and tumbled the XRP prices by 2.22%. The bearish candle breached the support trendline indicating the sellers are ready to pull the price altcoin to lower levels.

A daily candle closing below the trendline will accelerate the selling momentum and plunge the coin 6% down to hit the $0.36 support. However, if the selling pressure persists, the prices may drop to the $0.32 accumulation zone.

Technical Indicator

EMA: the XRP price trading below the crucial EMAs(20, 50, 100, and 200) projects an established downtrend. Moreover, 20-and-50-day EMA maintains a dynamic resistance against a bullish rally.

Indeks relativne snage: The dnevni-RSI nagib nosedive below the neutral line and 20-SMA reflects the increasing bearishness among market participants. 

XRP unutardnevni nivoi cijena

• Spot cijena: 0.38 USD
• Trend: Medvjed
• Hlapljivost: Srednja
• Nivo otpora - $0.38 i $0.41
• Nivo podrške- $0.35 i 0.32