๐จ Crypto Finds Resistance Across the Board!๐จ
Over the last week, we finally saw some momentum come through on ripple:native . But I warned that upside would be limited until the lower support below $1 is reached.
XRP pushed into $1.18 resistance and was met with a sharp rejection. At the same time, bitcoin:native perfectly reached its macro .5 retracement at $64K and was rejected as well. The market is sending a pretty clear message here!
๐We'll likely see another pause at $1.09 and $1.00 on the way down to $0.87. The market is overwhelmingly trying to pick up the liquidity it needs before the next major trend begins.
These bounces are actually healthy! They pull the RSI higher and exhaust selling as price reaches major support. This is exactly the type of behavior you'd expect near the end of a correction. It's helping build the signals we're looking for!๐
#Xrppriceprediction #XRPAnalysis #Bitcoin
bitcoin:native
It's possible #BTC is still in its subwave 3 of the wave down towards $54.5k . Extensions have not been reached yet as low as $57.5k . This could shake up the market a bit and bring in more volatility as it completes 3, 4, and 5.
As #Bitcoin is starting to come down to support, I'm noticing that selling pressure IS getting exhausted and its starting to build that bullish divergence that we need to see on the RSI... this is setting up for a NICE relief rally coming soon for the month of July/August.
If you missed our livestream today, make sure to check it out! ... LOTS of important information in there as the market finds a bottom.๐ฅ
๐ฏ$1.65 Resistance Played Out Exactly as Planned! ๐ฏ
Over the weekend XRP pushed into the $1.65 macro .618 fib and, as expected, that area acted as resistance for this relief move (W4). Price is now slipping back below $1.53 which suggests we are losing momentum. ๐จ
With the strength of the selloff a few weeks ago, itโs unlikely the market pivots straight into macro W3 without one more wave to fully exhaust sellers.
๐On the subwaves, thereโs alignment for a double bottom near $1.11, with deeper support around $0.90 still possible! What matters on the next low is seeing strong bullish divergence and momentum shift.
On the bullish side, if price reclaims $1.65 and holds, it would be the first real sign of strength!
#XRPCommunity #XRPUSDT #CryptoTrading #Crypto