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Bearish Scenario Gaining Momentum
The price #XRP: is gradually forming a bearish trend, and a breakout of the trend line now acts as a strong resistance.
A loss of the B wave minimum signals increasing selling pressure.
🔴 Key support levels:
$1.11 ➖ nearest level
$0.87 ➖ main target for decline
Local resistance: $1.40. As long as the price remains below this level, the market is likely to continue declining. 📉
Currently, this is a high-risk zone for trades. It is recommended to wait for support levels to be reached or for a reversal at the macro support of $1.65.
⚠️ Trade cautiously and watch for confirming signals.
#CelebratingNewYearOnGateSquare
Monitoring the situation 👀