Ripple (XRPUSD) is finally moving lower and is slowly approaching the key $1 support area, which previously acted as a major breakout level nearly two years ago. This makes the $1 zone the first important support area to watch for a potential reaction.
On the 4H timeframe, XRP is approaching another critical level around $0.95. The positive aspect is that a potential ending diagonal structure is forming, which is often seen as a reversal pattern and could signal that selling pressure is starting to mature.
However, the trend remains bearish until proven otherwise. A break below the $0.90 support level would open the door for a deeper decline, with the next major levels to watch at:
$0.60 – major triangle pivot support
$0.40 – lower triangle support area
$0.10 – extreme capitulation level and long-term support zone
For now, XRP is approaching a key decision point where buyers need to defend support to avoid a deeper corrective move.
For a detailed view and more analysis like this, you may want to join our live webinar today on July 13 @ 15.00CET: DIRECT LINK.
Comments
Log in or sign up to join the conversation.