Xrpusdshort
Trading opportunity for short position XRPUSDTin the XRPUSDT chart, there is a trading position based on technical analysis factors for Short, including the breakout of Uptrend, And then we can expect the price to fall to the first and second supports zone
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Short it on 0.68 to 0.74 zoneIts simply a fake break out to make an exit opp for big buyers.
Time to short and say good bye for next months.(after court results) which probably would take another 5 months.
*Forget what people targeting (4 5 10 100 598 usdt) xrp team hire many people , makes animation, hide what they doing by calling Banks behind xrp,
the sad facts
1. that ripple needs to sell 100 to 200M xrp to pay the employees and need motivation stories to find buyers
2. The only top coin which could not take 2018 position is xrp
3. Chart is a BIG h&s which can drop price under 0.1 easily
Ripple- 0.7, a good place to sell shortAfter the recent 0.55 low, Ripple has found support and, like all crypto market is in a correction.
This correction can be a good opportunity for speculators to join the trend and sell this rally.
A good place for this can be 0.7 resistance with a target towards 0.5 important support.
Sustained buying above 0.7-0.75 would negate this scenario
XRP Sell the downtrend.Ripple - Intraday - We look to Sell at 0.767 (stop at 0.781)
Trend line resistance is located at 0.770.
Daily signals are bearish.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.764.
Our profit targets will be 0.731 and 0.721
Resistance: 0.750 / 0.760 / 0.780
Support: 0.740 / 0.720 / 0.700
Ripple- can it drop to 0.5?Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion