From TradingView · · 40s
XRP drops below 1.3325 as bearish trend continues
XRP price falls through 1.3325, extending downward trend toward 1.20
In brief
XRP price falls through 1.3325, extending downward trend toward 1.20 XRP price is trending down toward 1.20 after breaking below 1.3325 Originally reported by TradingView.
XRP breaks 1.3325
XRP closed below 1.3325 on the 4H chart, extending a downtrend toward 1.20
Trend indicators confirm bearish
XRP price sits below 1.3023 with EMA21 at 1.3585 and EMA55 at 1.3726 overhead
Last swing high unchanged
The last swing high at 1.4961 remains unchallenged for eight bars
Short-term targets
Price targets 1.2450, then 1.20, with cushion at 1.10 if momentum accelerates
Invalidation point
Price must close above 1.3726 to invalidate the bearish trend continuation
The short version
XRP price is trending down toward 1.20 after breaking below 1.3325
