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— April 17, 09:00 AM (UTC)
— April 18, 09:00 AM (UTC)
— April 19, 09:00 AM (UTC)
👉 More WCTC S7 Details: https://www.gate.io/announcements/article/44440
#GT# #BTC# #XRP# #ETH# #DOGE#
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With signs of recovery in the market after today's crash, XRP$XRP doesn't seem like the team is in a good position behind the scenes. Despite a quick rebound, technical indicators suggest otherwise. 👀
Ripple is retesting a key support level at $1.95, and it recently closed below the 200-day exponential moving average for the first time in a long while. This is a strong bearish signal. Adding to that is the completion of the head and shoulders pattern, and things do not look good for bullish investors.
📉 If the price of $1.95 does not retreat to the support level soon, the next key level will be at $1.20 - with a potential decline of 39% from now. Ah.
📊 Current price: ~ 1.88 USD
📉 Decrease over 24 hours: -6.5%
📈 Trading volume: +420% — Traders are active, and the game has begun.
It is interesting that buy positions worth $35.4 million have accumulated at $1.833. Optimists are fighting hard. At the same time, sell positions worth $11.8 million have accumulated at $1.932. Expect high volatility in these areas.
➡️ Summary: XRP is at a critical juncture. If the optimists reclaim the price of $1.95, we may see short-term pressure. Otherwise... a price of $1.20 may be on the table.
Stay alert. Don't trade on noise - read the chart. 🧠