A bearish breakdown from the support trendline indicates the XRP price completes the bearish pattern i.e., inverted flag. This breakdown hints at the end of the recent recovery and the likelihood for the price to plunge lower. The chart shows a near-demand zone for XRP price at $0.36, will sellers breach it?
Key points:
The falling volume during the recent growth indicates the recovery phase was temporary
A bearish breakdown from an inverted flag pattern bolstered holders for a 14.5% drop
The intraday trading volume in the XRP is $371 Million, indicating an 89% gain.
Source- Tradingview
Concerning the November first-half downfall and the second-half recovery, the daily XRP price chart showed the formation of an inverted flag. In theory, the recovery phase of the pattern is a short break period before the prior downtrend continues.
This bullish pullback observes excessive selling and prepares to replenish the selling momentum. The support trend marked in the above chart act as a k
We współpracy z: https://coingape.com/markets/completing-this-bearish-pattern-is-xrp-price-revisiting-the-0-32-mark/
