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XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape
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XRP price drops 0.63% to $1.9097, marking a 19% decline since January, with extreme fear dominating market sentiment. Despite this, $5.38 million in spot exchange inflows indicate ongoing accumulation, while a descending wedge pattern suggests a potential upward breakout may occur.
- XRP drops 0.63% to $1.9097, extending the 19% decline from January highs as Santiment data shows sentiment reaching extreme fear levels.
- Spot exchange inflows of $5.38 million suggest accumulation continues despite bearish sentiment and price weakness.
- A descending wedge pattern forms on the daily chart, a structure that typically resolves with upside breakouts when selling exhausts.
XRP price today trades near $1.9097 as sentiment plunges into extreme fear territory following a 19% decline from the January 5 high. The selloff has pushed smaller traders to the sidelines, but a descending wedge pattern and continued spot accumulation suggest the setup may be shifting beneath the surface.
Extreme Fear Dominates Sentiment
Santiment data shows XRP sentiment has reached extreme fear levels as online chatter turns sharply negative. The indicator tracks social discussi…
Read The Full Article XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape On Coin Edition.
In This News
Coins
$ 1.92
+0.49%Share:
In This News
Coins
$ 1.92
+0.49%Share:
Read More
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XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape
Share:
XRP price drops 0.63% to $1.9097, marking a 19% decline since January, with extreme fear dominating market sentiment. Despite this, $5.38 million in spot exchange inflows indicate ongoing accumulation, while a descending wedge pattern suggests a potential upward breakout may occur.
- XRP drops 0.63% to $1.9097, extending the 19% decline from January highs as Santiment data shows sentiment reaching extreme fear levels.
- Spot exchange inflows of $5.38 million suggest accumulation continues despite bearish sentiment and price weakness.
- A descending wedge pattern forms on the daily chart, a structure that typically resolves with upside breakouts when selling exhausts.
XRP price today trades near $1.9097 as sentiment plunges into extreme fear territory following a 19% decline from the January 5 high. The selloff has pushed smaller traders to the sidelines, but a descending wedge pattern and continued spot accumulation suggest the setup may be shifting beneath the surface.
Extreme Fear Dominates Sentiment
Santiment data shows XRP sentiment has reached extreme fear levels as online chatter turns sharply negative. The indicator tracks social discussi…
Read The Full Article XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape On Coin Edition.
In This News
Coins
$ 1.92
+0.49%Share:
In This News
Coins
$ 1.92
+0.49%Share:
Read More
Ethereum Price Prediction: Spot Accumulation Continues As Price Tests Channel Support