Crypto
XRP Breaks Down Through Pivot at $1.10 Amid Bearish Sentiment
XRP has broken down through its pivot at $1.10, and the bearish sentiment is gaining momentum.
The taker sell flow vastly outpaces buying, with every short-term moving average acting as resistance rather than support.
This technical picture is consistent with a market that lost its footing well before today's session.
The 200-day SMA at $1.40 is significantly above the current price, making any talk of bullish recovery seem unlikely.