XRPUSDT: The correction will continue?
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Exiting the bearish channel has fueled an impressive price increase for this coin. At the time of writing, the price is trading below the 0.6400 resistance level which is very bullish as it consolidates at high levels with steady trading activity on the 1-hour chart.
On the 1H chart, XRPUSDT while still supported by the breakout from the falling channel, there are signs of a potential top forming at 0.6550. The current support level is around 0.5967. If this level is crossed, it could cause XRPUSDT to fall further, potentially reaching 0.5786 before any catalyst pushes the price back towards the general market trend.
I expect a recovery after the market correction. And you, what do you expect?
Exiting the bearish channel has fueled an impressive price increase for this coin. At the time of writing, the price is trading below the 0.6400 resistance level which is very bullish as it consolidates at high levels with steady trading activity on the 1-hour chart.
On the 1H chart, XRPUSDT while still supported by the breakout from the falling channel, there are signs of a potential top forming at 0.6550. The current support level is around 0.5967. If this level is crossed, it could cause XRPUSDT to fall further, potentially reaching 0.5786 before any catalyst pushes the price back towards the general market trend.
I expect a recovery after the market correction. And you, what do you expect?
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