XRPBTC (2D): Be watchful at Ripple.

Updated

The development at Ripple has been quite boring lately.

Many have hoped that the trend reversal is coming soon. However, technical analysis still advises caution.

There are still not enough positive indicators. Ripple broke the long term support down. And also the long-term Fibo 0.236.

The next support could be the short-term Fibo (0.236) at 0.00005814. Even if this does not hold, only the two long-term support lines at 0.00005110 and 0.00003166 are interesting again.

Let's see what happens. Happy trading. :-)

Note

as expected. next support line ahead ...

Note

as expected. support line reached. be watchful.

Note

strong resistance. next move depends on btc trend. if we see more down at btc, we ll see much more down at all alts. a down to 3877 is possible. be watchful. if the resistance break and be retested, than more up could be safe.

Note

touch down maybe happened.

Note

as expected. if we break this heavy support line 1500 sats possible.

BTCINVESTING

-

---
BTCINVESTING 😃
---

Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom

Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years

-

Also on:

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.