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XRPUSDT
Short Entry 2.0549 2026-01-18 10:30 UTC
Target 1.8400 Fail 2.1500
Risk/Reward 1 : 2
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XRPUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The XRPUSD chart indicates an extended B-wave pullback on the micro level, following a previous three-wave bounce. This corrective bounce, which failed to sustain an uptrend, has led to a decline identified as potentially wave one of a larger C-wave to the downside. The market has recently tested a micro support zone ranging from $2.03 to $2.06. A potential upward corrective bounce, labeled as wave two, is expected to encounter resistance between $2.09 and $2.15, with a notable resistance point at the 50% retracement level around $2.11. Should the price fall below the Friday low, approximately $2.03, it would likely signal the commencement of a third wave to the downside. This projected decline is anticipated to reach target levels around $1.84, with potential further extensions to $1.77 or even $1.72 over the coming weeks. This outlook for XRPUSD is presented as being consistent with broader market expectations for Bitcoin's impending downward movements.
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