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06/14 01:24

Bearish Patterns and Key Support Levels in FocusXR

Bearish Patterns and Key Support Levels in FocusXRP’s inability to sustain gains above $2.30 has confirmed several bearish patterns on the charts. The symmetrical triangle that has confined XRP’s movement since January remains intact, with the asset drifting closer to its lower support band near $2.09.

XRP remains at risk of further declines as intraday structure weakens and key resistance levels hold firm. Source: andrevella on TradingView

“The XRP price is showing signs of breaking down from its months-long triangle pattern,” noted Victor Olanrewaju in a recent XRP price analysis. “Red bars on the Awesome Oscillator and negative CMF readings suggest increasing selling pressure.”On the 4-hour Ichimoku Cloud chart, XRP is trading below the cloud, with a bearish Kumo twist forming—further signaling a potential continuation of the downtrend. Unless XRP reclaims the $2.32–$2.35 range swiftly, the technical outlook will likely favor bears heading into next week.
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