XRP What can we expect in the short term.KRAKEN:XRPEUR
We have formed some kind of short term descending triangle, judging by how we entered it. On top of that we have some halting of the trading on Coinbase and than Kraken, but i don't think that will have much of an impact on the price. What it can happen is that we fall down from the triangle and probably through orange support. The first stronger support is than the green one. Green support could reverse the price, but if even that one wont hold, then there still are 3 stronger supports (purple, blue and yellow trend line support)... The life saving is in my opinion yellow 4year old trend support line.
Tu sum up, any of those supports could potentially reverse the price upwards, we can even break upwards from the triangle itself. Will update on that.
I am not a financial advisor and non of this is a financial advise. It just what a like to do and share my view as i also hold quite a few XRP myself.
If you wish you can tell me in the comments below of what you think.
Wish you all successful investment.
