It has been been one heck roller-coaster ride for the XRP Nation and "Hodlers" alike. Huge rally, huge crash, nice 40% flash rally, then another nice flash crash, and here we are now...
Ever since the SEC lawsuit was filed against XRP it has yet been another cryptocurrency completely plagued by fear, uncertainty, and doubt with much reason. An avalanche of exchanges and platforms are delisting XRP making confidence, trading, liquidity for the coin even more difficult.
Still Despite all of the hysteria XRP still remains a top 5 cryptocurrency with billions in liquidity and trading volume... As of right now it seems like XRP has been bouncing off of a 650 Satoshi support level. It is still very much oversold and undervalued. On the MACD it also looks like XRP is gearing up for a bullish divergence on the daily. This could present a great buying opportunities at these current price levels. Also take into consideration we're in an aggressive bull market.
Support: Around 650 Satoshi
Resistance: Around 1460 Satoshi
Cheers! Happy trading and investing.
Ever since the SEC lawsuit was filed against XRP it has yet been another cryptocurrency completely plagued by fear, uncertainty, and doubt with much reason. An avalanche of exchanges and platforms are delisting XRP making confidence, trading, liquidity for the coin even more difficult.
Still Despite all of the hysteria XRP still remains a top 5 cryptocurrency with billions in liquidity and trading volume... As of right now it seems like XRP has been bouncing off of a 650 Satoshi support level. It is still very much oversold and undervalued. On the MACD it also looks like XRP is gearing up for a bullish divergence on the daily. This could present a great buying opportunities at these current price levels. Also take into consideration we're in an aggressive bull market.
Support: Around 650 Satoshi
Resistance: Around 1460 Satoshi
Cheers! Happy trading and investing.
Trade closed: target reached
Plus 40% Gain Since Call.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.