π¨ BIG QUESTION: Could
$XRP drop to $1?
A bearish pennant is forming on the chart - a pattern that often signals further downside after a short consolidation.
π XRP is trading around $1.30 and showing weakness:
β lower highs
β declining volume
β weak bounces
The key level is $1 - a strong psychological support. If price breaks the $1.20β 1.25 zone, a move toward $1 becomes much more likely.
Indicators also remain bearish:
β MACD is negative
β trend is weak with no clear signs of reversal
π¬ The current consolidation may just be a pause before another drop. The next few days could be crucial for
$XRP , DYOR π
2
9
2
1
