Technical analysis by Supachai-Taechapisit about Symbol XRP: Sell recommendation (1/18/2025)

Here's a concise analysis of the XRP/USDT 12H chart:Technical Setup:- Price in descending parallel channel (blue lines)- Currently at: 3.1666 USDT (-3.82%)- High volume (263.81M)- Notable Fibonacci levels marked: 0.5 and 0.66Price Action Forecast (marked in yellow):- Potential sideways consolidation with volatile swings- Range between 2.8-3.2 USDT- Risk of -18.76% downside noted (-0.5948)Key Levels:- Resistance: 3.4 (0 Fib level)- Support: 2.8 (0.5 Fib level)- Critical Support: 2.6 (0.66 Fib level)Trading Note:Caution advised - chart shows possible distribution pattern with high volume. Wait for clear direction before taking position.IM WAITING XRP AT 2.6 - 2.4DONE 20%