⚠ XRP Warning: Bear Flag Breakout Target is 1.60 USD!
📉 Flashing bearish signal: • The support trend line has been broken. • Risk decreased by 26% to $1.60 • Whales exited + selling volume of 172 million USD (highest since month 5) 📊 Concerning important metrics: → 90-day MVRV at 31% (overbought) → Trading volume decreased by 34% 💡 Positive point: MFI increased to 56 ( could be a bear trap ) The growth of RLUSD could be beneficial if the GENIUS Act is passed. 🔍 Levels to pay attention to: Support: $ 2.00 Analysis target: $ 1.60- $ 1.63 Reversal signal: $2.18+
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⚠ XRP Warning: Bear Flag Breakout Target is 1.60 USD!
📉 Flashing bearish signal:
• The support trend line has been broken.
• Risk decreased by 26% to $1.60
• Whales exited + selling volume of 172 million USD (highest since month 5)
📊 Concerning important metrics:
→ 90-day MVRV at 31% (overbought)
→ Trading volume decreased by 34%
💡 Positive point:
MFI increased to 56 ( could be a bear trap )
The growth of RLUSD could be beneficial if the GENIUS Act is passed.
🔍 Levels to pay attention to:
Support: $ 2.00
Analysis target: $ 1.60- $ 1.63
Reversal signal: $2.18+