Look at XRP's trend, it was directly smashed down. The one-hour chart clearly shows that the price is being tightly pressed down by various moving averages, completely unable to breathe. The RSI is only 41.3, an indicator that has long since weakened, with no energy at all.
The situation on the MACD side is even more desperate—forming a death cross below the zero line, with the green bars still expanding, clearly negative. If the bears really want to unleash all their energy, it will probably take more time; the current state is far from being in place.
Right now, XRP is at the 2.2641 price level. If you ask me, instead of fussing over this, it's better to directly enter a short position and not overthink it. The technical signals are already very clear.
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RugpullAlertOfficer
· 01-06 23:50
Short position? I think it's uncertain; the bottom signal hasn't been confirmed yet.
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LiquidatorFlash
· 01-06 23:45
Hmm... RSI 41.3 dares to follow the trend and go short? I keep feeling a bit uneasy around the 2.2641 level.
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NftRegretMachine
· 01-06 23:38
Short positions are hoping for a rise, but now entering might lead to getting trapped.
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BrokenYield
· 01-06 23:23
ngl xrp's getting absolutely massacred rn... that macd divergence is *chef's kiss* textbook bearish. seen this movie before, doesn't end well for longs. 41.3 rsi? might as well be flatlined. shorting at 2.2641 feels like printing money if you actually know what you're looking at, but ofc everyone will fomo the bottom instead lol
Look at XRP's trend, it was directly smashed down. The one-hour chart clearly shows that the price is being tightly pressed down by various moving averages, completely unable to breathe. The RSI is only 41.3, an indicator that has long since weakened, with no energy at all.
The situation on the MACD side is even more desperate—forming a death cross below the zero line, with the green bars still expanding, clearly negative. If the bears really want to unleash all their energy, it will probably take more time; the current state is far from being in place.
Right now, XRP is at the 2.2641 price level. If you ask me, instead of fussing over this, it's better to directly enter a short position and not overthink it. The technical signals are already very clear.