The Trust Layer for Market Analysts

The analysis focuses on XRPUSDT, identifying a bearish outlook with support levels expected between 49 cents and 98 cents. The current price is noted at $1.13. The analysis suggests that the 'B' wave in a 3-wave decline could extend lower, potentially reaching the swing low of June 2022 at 28 cents. This prediction is based on the idea that the market might not find support in the identified orange support region between 48.5 cents and 98.5 cents. An additional resistance is highlighted by a trend line currently around $1.40, coinciding with the last swing high formed around $1.55. The timeframe for this analysis appears to be longer-term, indicated by the use of weekly charts and the mention of historical lows.