Analysis of Coin $XRP on the 4-Day Chart

Hey folks, $XRP ‌ is still facing clear selling pressure and is currently at $1.1967 after a drop of -3.55% 👀
The price is below all moving averages MA(7), MA(25), and MA(99), all of which are above it, and the RSI(24) is at 38, indicating that the downtrend is still ongoing — the overall picture remains weak.
Watch zone: $1.05 — $1.0222 (next support)
🎯 Target 1 (after recovery): $1.29
🎯 Target 2: $1.34
🎯 Target 3: $1.55
🔴 Stop loss if you entered: below $1.02
About the coin 💧
XRP is the coin of Ripple, a company specialized in fast and low-cost cross-border financial transfers. It is used by banks and financial institutions around the world as a solution for transferring money instead of the slow traditional system. It's an old coin with a large user base but has been heavily impacted by legal issues with regulatory authorities in the U.S. 💼
⚠️ The current trend is bearish — this is not an ideal entry time. This is not financial advice. Trade responsibly and we must stick to the stop loss#MyGateTradeStory