Одрицање од одговорности: Налази следеће анализе су искључиво мишљење писца и не треба их сматрати саветима за инвестирање.
The 61.8% Fibonacci level held up quite well to propel a strong reversal in favor of the bears. As a result, XRP’s previous up-channel breakdown transposed into a down-channel (yellow) trajectory in the past week.
Meanwhile, the buyers found a close above the basis line of the Bollinger Bands (BB) while inflicting a breakout of the down-channel. But the 23.6% Fibonacci level has suppressed the recent buying pressure.
A close above or below the basis line of BB would be critical to determine the upcoming moves. At press time, XRP traded at $0.3155.
КСРП 4-часовни графикон
Izvor: TradingView, XRP/USDT
The recent down-channel movement forced XRP to drop below some vital price points that the coin reclaimed last week. The alt marked an over 16% retracement from 8 July and matched its three-week low on 13 July.
Over the last day, the altcoin rebounded from the 16-month support near the $0.3-mark. But the 23.6% Fibonacci resistance eased the breakout push above the down-channel.
With the 50 EMA (cyan) posing recovery hurdles, the recent pullback could aid the sellers in retesting the upper trendline of the down-channel. In this case, XRP could eye to bounce back from the $0.31 zone in the coming sessions.
The Point of Control (POC, red) could lay a foundation for the buyers to step in and retest the 23.6% level near the $0.324-mark. An immediate recovery above the basis line would help the buyers test the 23.6% level in the $0.32-region.
образложење
Izvor: TradingView, XRP/USDT
The Relative Strength Index (RSI) continued to display a mild bearish bias after failing to sustain itself above the midline. A continued plunge could delay the robust recovery efforts on the chart.
The On-Balance Volume (OBV) saw lower troughs over the few days and resonated with the decreased buying pressure. But any revival from the immediate trendline support could affirm a bullish divergence.
Zakljucak
XRP’s fall below the basis line of BB could present a rebounding opportunity for the buyers. The potential of bullish divergence on the OBV would further heighten these chances. The targets would remain the same as above.
Међутим, праћење кретања биткоина и ширег расположења било би од суштинског значаја за одређивање шанси за биковско поништавање.
Source: https://ambcrypto.com/assessing-if-xrp-has-potential-to-rebound-from-this-defending-zone/