XRPShort
XRP short term dump. coming weeks.
Updated
We can see every single time the weekly stochastic RSI crossed downwards in the overbought territory, it lead to big dumps. The smallest dump being ~29.6% in 2014. The average dump being 54.5%.
Currently we've seen about a ~22% dump. If we were to have the lowest we've seen so far (excluding current), we would be placed at $0.64 XRP.
Currently we've seen about a ~22% dump. If we were to have the lowest we've seen so far (excluding current), we would be placed at $0.64 XRP.
Note
Even though we just touched the $0.64 minimum target for this dump. I would not be looking to buy until the stochastic RSI is in the oversold territory. There are only 2 instances where the stochastic RSI did not reach oversold territory before putting in the bottom.
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