XRP / BitcoinShort
Be careful, XRP go west !
Updated
After a multitude of rejections on its historical bearish trendline:
here XRP on its BTC pair has just broken down its historical horizontal support!
A bloodbath in perspective as all the altcoins...
The Bitcoin's pump and the announcement of Libra have surely cleaned up the last blows club!
here XRP on its BTC pair has just broken down its historical horizontal support!
A bloodbath in perspective as all the altcoins...
The Bitcoin's pump and the announcement of Libra have surely cleaned up the last blows club!
Trade active
4000 -> 2500 Sats !Trade active
Stagnation for a month at 2500 Sats, with exit of the bearish trend line in red on my graph by ... range!Nevertheless, there is a secondary bearish trend line that should not be zapped:
And especially the lack of fundamentals of increasing monetization of the token
... that could be summarized to (for XRP and more than 2000 other cryptos):
"a very USEFUL & USED token does not necessarily mean a valuation of the token, especially to supply almost unlimited"
Note
THE RESULT IS FRANCKY IMPRESSIVE !The price of XRP never went back above my resistance of 4054 Satoshis.
Even the recent Pump & Dump of November 2020 has been rejected by this now historic resistance.
Worse, this year 2020 is marked by a Ripple and its XRP sued by the SEC, for a dispute of $ 1.3 billion, formalized yesterday. It is so no surprise.
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.