XRP dey bearish after $1.4 support fail, e dey eye $1.3 then $1
Ripple (XRP) dey trade with bearish bias after e fail to hold $1.4, wey don flip from support to resistance. Traders now dey focus on the $1.3 support zone. If selling pressure increase and $1.3 break, XRP fit revisit early-February lows near $1.1 and face heavy pressure for the psychological $1 level.
For weekly charts, only 2 of the last 10 candles close green, showing say sellers still dey control momentum. For the daily timeframe, MACD turn bearish after moving-average reversals, with the histogram trending lower and no clear higher lows yet. The trade decision points clear: either defend $1.3 and try rebound to reclaim $1.4, or get confirmation say downtrend continue if bearish structure build below $1.3.
Key levels for XRP: support at $1.3 and $1; resistance at $1.4 and $1.6.
Bearish
Wen XRP $1.4 level no fit hold and e turn to resistance na, na be direct bearish trigger. Weekly momentum still dey dominated by sellers (only 2 green candles out of the last 10), while di daily MACD don turn bearish and e never show clear higher lows yet. This combination dey raise di chance say price go continue down to $1.1 and especially di psychological $1 area. Di only near-term bullish scenario na if buyers fit defend $1.3 and quickly reclaim $1.4; until dat happen, traders suppose treat rallies into $1.4 as vulnerable and watch make bearish structure no form below $1.3.