CandleFocus XRP Failed 6 Times in Row: What Happened?
2024-10-20
Author: Content Editor
The article discusses how XRP has faced multiple rejections at a critical resistance level, preventing it from gaining any bullish momentum. The price has failed to close above this level, indicating a fading likelihood of a breakout. The current downward trend suggests that XRP may experience short-term downside pressure. There are a few support levels that may provide some relief, with $0.51 being the initial stopping point. If XRP cannot hold above this level, the next significant support is around $0.50. A further decline to $0.48 is possible if selling pressure increases and XRP breaks below these levels. The article indicates that unless there is a shift in market sentiment or buying pressure, XRP is likely to continue its downtrend and encounter obstacles at resistance levels.
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