XRP - is it done bleeding ?!
Hello traders,
Here's a quick update on XRP too.
Surprisingly XRP on the other hand, is maintaining to stay above 24 cents even though BTC took a deep dive and the dominance's still around 60%.
Now, as you can tell, it's been forming a some type of consolidation zone on the weekly, which seems that sooner or later would break either to the above or below.
Judging by the BTC dominance, if the Bitcoin's bearish momentum continues we could be seeing XRP to come back and re-test the psychological level at around .21 cents. If XRP closes below the support region and BTC continues to fall lower, you can extend the XRP targets towards .18 to .16 cents.
Here's a quick update on XRP too.
Surprisingly XRP on the other hand, is maintaining to stay above 24 cents even though BTC took a deep dive and the dominance's still around 60%.
Now, as you can tell, it's been forming a some type of consolidation zone on the weekly, which seems that sooner or later would break either to the above or below.
Judging by the BTC dominance, if the Bitcoin's bearish momentum continues we could be seeing XRP to come back and re-test the psychological level at around .21 cents. If XRP closes below the support region and BTC continues to fall lower, you can extend the XRP targets towards .18 to .16 cents.
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.