XRPUSDT Analysis: Bearish Breakout Potential
2024-10-09

The XRPUSDT chart on the 1-hour timeframe indicates a potential bearish breakout scenario forming. After testing the resistance area near $0.5349, price has failed to break above, showing signs of weakness.

Traders should watch for confirmation of a downside move below $0.5320, which could trigger a steeper decline.

What do you think about this view?