Looking Bearish because the price is currently trading below all major Moving Averages (MA7, MA25, and MA99) on the 1H chart, with the MACD lines showing a bearish crossover and negative momentum.
Target: 1.2954
Notice that 1H Rejection on XRP?
Looking at the recent candles, there is a clear bearish rejection near the 1.3390 level (MA25/MA99). The candles are forming small bodies with lower highs, suggesting that sellers are stepping in every time the price tries to bounce. The MACD histogram turning red further confirms that the short-term strength is fading.
Patience is key here. We need to see if the 1.3166 support holds; otherwise, the downward slide will likely continue.
Disclaimer: This analysis is for informational purposes only and not financial advice. Crypto trading involves high risk.
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