Ripple: One last punch?
Updated
Hello dear crypto friends, hope you're doing well!
In this video, we're gonna look at the relative weakness of Ripple (XRP) vs. the other major crypto names. I had previously given the analogy of XRP basically like a boxer lying inside the ropes at 30 cents & not being able to stand up any more.
So: The referee is counting again, what's it gonna be this time? Can XRP make another push, or was this the last punch already. Let's have a look! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
In this video, we're gonna look at the relative weakness of Ripple (XRP) vs. the other major crypto names. I had previously given the analogy of XRP basically like a boxer lying inside the ropes at 30 cents & not being able to stand up any more.
So: The referee is counting again, what's it gonna be this time? Can XRP make another push, or was this the last punch already. Let's have a look! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Note
Hey guys, XRP/BTC on the 4H is currently descending/almost breaking at .64, but important weekly resistance/previous HL is coming in at .6 psychological => We should see some reaction from here. If not, XRP/BTC is frankly toast: up to .4 there is no significant support. Also don't forget correlation to grandpa BTC: We're not weak at all yet: it' still a very healthy consolidation. So should Bitcoin go up, it could drag XRP/USD higher in the short-term, or at least make it neutral. => 30 psychological is gonna be the important support to break in XRP/USD.
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