XRP - Neutral
Following the dumps of yesterday, XRP did re-trace
nearly to .618 Support at .47.
Most likely price moves lower on XRP, more profit needs to
occur. Likely 0.47 will hold, and we will look for a re-test of resistance
at .53.
Otherwise, bulls must hold ascending triangle &
Fib Support & Volume Support at .45 Cents. If this level isn't held, most who bought
in accumulation will sell at breakeven.
This will push price much further down.
nearly to .618 Support at .47.
Most likely price moves lower on XRP, more profit needs to
occur. Likely 0.47 will hold, and we will look for a re-test of resistance
at .53.
Otherwise, bulls must hold ascending triangle &
Fib Support & Volume Support at .45 Cents. If this level isn't held, most who bought
in accumulation will sell at breakeven.
This will push price much further down.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
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.