I see that XRP has dropped to $1.42, the lowest level in nine months. The warning sign is clearly visible on the weekly chart – the price has risen and fallen without strong conviction. Analysts are flagging critical support levels at $1.38 and $1.02 as the next test zones.



The interesting part is that there are still positive ETF inflows, indicating that institutional buyers are using the weakness to add positions. This is not a bullish signal but also not full capitulation.

From a technical standpoint, the warning sign to watch is the weekly candle close. If the $1.02 support is broken, there could be a deeper pullback. But some traders see this as just an accumulation zone in a larger cycle. The key is patience – there should be no panic over daily volatility. The macro structure remains intact as long as major floors are not broken. The candlestick pattern here is truly a warning sign for the next move.
XRP-1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin