XRPUSD bullish ideology ( MAKE OR BREAK)
Here's my analysis for xrp
At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a bullish move up.
The price of xrp could drop from here and hit the daily resistance level, when a level has been retested twice, it shows that it is being respected therefore from there should be a bullish move. However, if it breaks we have one more level which it can respect, if not we could start moving bearish.
From my understanding of the markets, I believe bitcoin has the potential of going higher therefore altcoins should follow. I have tried to demonstrate what potentially could happen to xrpusd
Hope this helps
At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a bullish move up.
The price of xrp could drop from here and hit the daily resistance level, when a level has been retested twice, it shows that it is being respected therefore from there should be a bullish move. However, if it breaks we have one more level which it can respect, if not we could start moving bearish.
From my understanding of the markets, I believe bitcoin has the potential of going higher therefore altcoins should follow. I have tried to demonstrate what potentially could happen to xrpusd
Hope this helps
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