To be honest, xrp was holding his ground on 22 february. Some good rumours about the sec case were spread.
Brother btc decides to take a shit after it and drew all altcoins with it. most of the altcoins needed a fresh correction to move on further.
Whats now?
1. We wicked down to 0.37 c. The area of 0.36-0.38c was already made to support but we confirmed with this wick it twice.
2. On the daily we need above ~ 0.48 to make a old weekly resistance into support.
3. Long term = still ultra bullish. I belive most weak hands on xrp are gone. Total altcoin market did a necessary correction towards the old ath and made it to support. Once if its gonna fly, xrp will go with the rest.
Brother btc decides to take a shit after it and drew all altcoins with it. most of the altcoins needed a fresh correction to move on further.
Whats now?
1. We wicked down to 0.37 c. The area of 0.36-0.38c was already made to support but we confirmed with this wick it twice.
2. On the daily we need above ~ 0.48 to make a old weekly resistance into support.
3. Long term = still ultra bullish. I belive most weak hands on xrp are gone. Total altcoin market did a necessary correction towards the old ath and made it to support. Once if its gonna fly, xrp will go with the rest.
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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.