XRP Expected Scenario

$XRP Reasons supporting the possibility of a drop to 1.9

1. Strong selling momentum:

• RSI(6) is at very severe oversold levels (below 5), indicating significant selling pressure.

• MACD continues in the negative direction without positive crossover signals.

2. Strong red candles:

• Recent candles reflect strong bearish momentum with few clear bounce attempts.

3. Lack of strong buying signals:

• There are no indications of buyers entering the market strongly at current support levels.

4. Next major support:

• If the current support level at 2.0758 is broken, the next major support is located around 1.9, which is a strong psychological level.

Reasons that may hinder reaching 1.9:

1. Severe oversold:

• Often, when RSI indicators reach these low levels, a bounce occurs, albeit temporarily, due to selling coverage or buyers entering.

2. Increased trading volume at current support:

• If trading volume increases at 2.07, the price may be able to consolidate and rebound.

3. No strong negative news:

• If no sudden negative news appears, it may be difficult to break important support levels easily.

Expected scenarios:

1. Continued decline to 1.9:

• If the current support at 2.07 is broken and the selling momentum increases, the price may gradually head towards 1.9.

2. Temporary rebound:

• If the price consolidates above 2.07 Buy signals have appeared, so we may see a bounce.