XRP Faces Potential Continued Correction Amid Declining Momentum and Sideways Trading Expectations
Main Idea
XRP's price has declined by 4% in the last day, indicating a potential market correction, with traders expecting sideways trading between $3.00 and $3.20 in the coming week.
Key Points
1. XRP's price has declined by 4% in the last day, trading at $3.1947.
2. The price made a false breakout of the local support level at $3.1618.
3. Traders anticipate a bounce back to the $3.25 zone if the daily bar closes favorably.
4. The expected trading range for XRP is between $3.00 and $3.20 in the coming week.
5. Bulls are losing initiative, and the volume has dropped, suggesting continued sideways trading.
Description
XRP’s price has declined by 4% in the last day, indicating a potential market correction. Traders expect continued sideways trading between $3.00 and $3.20. XRP has made a false breakout
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