XRP - After the SEC
Updated
Hello Traders
XRP did what XRP does and threw a real "sell the news" tantrum. I hope you had some tight SL on your buy orders.
From the 5min chart on the right :
It seems like the dip is over and found support at fib 0.236 (44c)
The BB are contracting, volume is low, volatility might be over for a while.
My bias - bottom is in
From the 1D cart on the left:
Excellent support from previous resistance 37c
We NEED 0,236 to HOLD. IF it doesn't, expect further downside. back to 37c
As Always - lower timeframes needs to be watched to get an indication of what will happen to that important level.
Currently I'm not biased to any specific targets. My buy orders are in, I think I'm just going to chill for a while and let XRP be XRP. You can do that, if you have SL ready. I've been scalping aggressively and I'm taking a break. I'll make another post when XRP closes a 1D above 52c again (could be soon).
Best Regards
Evelyn
Please check out my other price targets for XRP which all hit spot on
_______________________________________________________________________________
Footnote
Not Financial advice
Don't be surprised, XRP will always use any "excuse" to justify one massive sell order (what alerts) even if the news could be seen as "good" news. There are massive players with massive agendas for the price and that's just how it is for XRP (and don't think stonks / commodities are different).
It is disappointing that cRiplle hasn't even posted an official twatter update about what went down in court. But that's the sad part, a perfectly fine digital assets crippled by bad management.
XRP did what XRP does and threw a real "sell the news" tantrum. I hope you had some tight SL on your buy orders.
From the 5min chart on the right :
It seems like the dip is over and found support at fib 0.236 (44c)
The BB are contracting, volume is low, volatility might be over for a while.
My bias - bottom is in
From the 1D cart on the left:
Excellent support from previous resistance 37c
We NEED 0,236 to HOLD. IF it doesn't, expect further downside. back to 37c
As Always - lower timeframes needs to be watched to get an indication of what will happen to that important level.
Currently I'm not biased to any specific targets. My buy orders are in, I think I'm just going to chill for a while and let XRP be XRP. You can do that, if you have SL ready. I've been scalping aggressively and I'm taking a break. I'll make another post when XRP closes a 1D above 52c again (could be soon).
Best Regards
Evelyn
Please check out my other price targets for XRP which all hit spot on
_______________________________________________________________________________
Footnote
Not Financial advice
Don't be surprised, XRP will always use any "excuse" to justify one massive sell order (what alerts) even if the news could be seen as "good" news. There are massive players with massive agendas for the price and that's just how it is for XRP (and don't think stonks / commodities are different).
It is disappointing that cRiplle hasn't even posted an official twatter update about what went down in court. But that's the sad part, a perfectly fine digital assets crippled by bad management.
Note
Typing mistake above should be the 5min on the LEFTand the 1D on the RIGHT
Related publications
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.