Key takeaways:
XRP (XRP) has been repeatedly damaged above the $ 3 level since November 2024 boom, but each attempt ended with a fake followed by a deeper correction.
On Saturday, its price was re-slipped below its $ 3 support, in conjunction with its 200-4h exponential transfer of average (EMA; Green Wave).
Can XRP price go down in the coming days? Let’s check.
The XRP Fractal Chart puts a 15% gaming correction
The XRP reflects a bearish fractal that can trigger a 15% collapse to $ 2.60 in the coming days.
In September, the price of the token was formed by a rounded top, then slipped into a period of symmetrical triangle integration before it was broken. That move has sent XRP prices crashing towards a $ 2.70 place.
A similar condemnation -next is playing again in October.
In the four-hour chart, the XRP was formed by another rounded top and combined within a flag. This structure often leads to another leg less than the number of maximum distances between the upper and lower trees.
The four hours Kamag -child indicator of strength (RSI) It contributes to this risk, as it is a correction from the over -the -top level above 70 and there is still a room to go down before the oversold threshold of 30.
Related: XRP prices take $ 3, opening the road for 40% acquisitions in October
XRP can first test flag support for $ 2.93. A decisive nearby can confirm a breakdown, which is potential opening the method to $ 2.60, a decline of almost 15% from the current prices.
That target downside is aligned with the 200-day XRP EMA (the blue wave in the chart below).
A bounce from 20- ($ 2.93) or 50-day ($ 2.52) the EMA can repeal the bearish outlook, motivating a rebound towards $ 3 again.
$ 500 million squeezing length can fuel in XRP sell-off
The $ 3 level of XRP sits between two heavy liquidity pockets, according to the data resource Coinglass.
Upside down, there are thick clusters of long degree of extermination between $ 3.18 and $ 3.40.
For example, at $ 3.18, the combined -brief action is approximately $ 33.81 million, suggesting that the market can move upwards to sting the stop orders if the bulls get control.
On the downside, however, the Heatmap has been highlighting even larger pool pools stacked between $ 2.89 and $ 2.73, which is over $ 500 million.
The decisive closeness of XRP below $ 3 can trigger a cascade of long liquid towards $ 2.89- $ 2.73. Handling above $ 3, however, leaving room for a stop-run at $ 3.20- $ 3.40.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
