XRPUSD Opportunity to Short
2024-09-10

XRPUSDT has been in a bearish trend for the past three weeks, forming lower lows and lower closes. On the daily chart, the price is currently consolidating within a key range between 0.62 and 0.50. As the market continues to move downward toward the lower end of this range, there is a strong possibility of a retest of the support area. The 0.550 level has been respected multiple times in the past, and if the market shows signs of rejection at this level, it could offer a good opportunity for a short trade, targeting a move back down to the bottom of the consolidation range. The target is the support zone around 0.50