交易王
09/07 03:23
XRP
has formed a descending triangle pattern, which will complete on a break and close below $2.73.
The downsloping 20-day EMA ($2.90) and the RSI just below the midpoint indicate an advantage to sellers. If the price turns down sharply from the 20-day EMA, the risk of a break below $2.73 increases. The XRP/USDT pair could then plummet toward $2.20.
Contrarily, a break above the 20-day EMA suggests the bears are losing their grip. The XRP price may then reach the downtrend line, where the bears are expected to mount a strong defense. A break and close above the downtrend line negates the bearish setup, clearing the path for a rally to $3.40 and then $3.66.
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