XRP / BitcoinShort
Ripple(XRP) Technical Analysis - 11 January 2018
The price of XRP / BTC (Ripple) fails to continue the bullish movement and has formed a new LH around the price of 0.00017468BTC / ($ 2.39) before it bearish, and the pattern 'head & shoulder' has also been formed at this time. The Ripple price is now around a critical support zone and if it breakout 0.00012700BTC / ($ 1.75). It has high potential to bearish to the next support located at around the price of 0.00010600BTC / ($ 1.46).
Technically, if the price is still not a Breakout Key Resistance, it still has the potential to form a bearish wave(New LH) and will start bearish to lower prices. Therefore, the ripple price should breakout Key Resistance 0.0001480BTC / ($ 2.04) to continue raising.
Technically, if the price is still not a Breakout Key Resistance, it still has the potential to form a bearish wave(New LH) and will start bearish to lower prices. Therefore, the ripple price should breakout Key Resistance 0.0001480BTC / ($ 2.04) to continue raising.
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