I believe this is how xrp has been playing out. Blue line is usually when xrp starts getting sold and there’s more supply, purple line acts as a resistance, right now that’s around $1.75 I expect to move towards there before some consolidation and a break, xrp goes parabolic once it breaks purple trend line. Then we have the red trend line that acts as support we get bought off of it all the time. Chart looks simple, most of the time we are in the red box, green box doesn’t take much time to play out. I’m bullish at support.
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.
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.