XRP → Resistance retest before correction 
2025-01-28
Category: None

BINANCE:XRPUSDT  over yesterday evening bought back the previously formed fall, but faced strong resistance, which delimits the descending channel. A correction could possibly form... 

  

After a strong rise (on D1) XRP is going into a correction, the remarkable thing is that the correction is within a descending channel, or flag, the essence of which is the continuation of the trend. Let me remind you that the global trend is bullish. 
Technically, on the local , a false resistance breakout and correction may be formed, for example, to 3K or 0.5 fibo before the market starts to form the potential for a breakout of the channel resistance in order to continue the growth. 

 Support levels: 3000, 0.5 fibo (2.900)
Resistance levels: 3.144, 3.2 

The liquidity formed in the zone 3.14 - 3.2 may not let the coin up the first time. In the short term, I expect a false breakout and correction to the targets indicated on the chart.

Regards R. Linda!