$XRP loses the $2.50 key support, DEATH CROSS on 4hr imminent
2025-02-06
Category: None

CRYPTOCAP:XRP   loses the main support at $2.5; next stop is $2.25–$2.30. If that doesn’t hold, $1.91 is next.

The last level must hold, or something is seriously going wrong—not just due to the ongoing unlocks.

The momentum is bearish on both the Daily and 4-hour charts.

Additionally, the latter timeframe is flashing an imminent Death Cross (50 MA about to cross below the 200 MA, highlighted with a yellow circle). No need to explain what that means—it’s just not bullish for the mid-term.

Prepare for your best XRP shopping. A revisit below $2 could be violent and short-lived. No pre-positioning, no party.

As long as the Daily doesn’t close below $1.91, we should be fine. A close below would invalidate the Bullish Pennant/Triangle patterns immediately.

I am positioned between $1.90 and $2 again, but with smaller risk this time due to  CRYPTOCAP:BTC  's risky situation—it's at the lower trendline of its Rising Wedge. (More details on that in last night’s post.)

The Daily XRP/BTC chart? More bad news. Yesterday’s candle closed below the 50 MA for the first time in nearly three months. RSI confirms the downtrend. 👽💙


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