XRP 1.4 is not the bottom, it is the consumption zone
1.4 is not the bottom, it is the consumption zone
XRP is weakening simultaneously on the one-hour and four-hour charts, and the only direction left at the end of the sideways movement is one
The most dangerous consensus in the market right now is just one sentence:
"XRP has been so sideways, it should be about to pull up, right?"
But veterans understand -
A real decline often starts from a place where 'everyone is calm'.
Four-hour chart (trend direction) - rebound ends, structure has not reversed
The major structure clearly drops from 1.56 to 1.11
Then there is a rebound:
No recovery of previous highs
Repeatedly pressured by the BOLL middle line + upper line
Current price status:
Running below the midline for a long time