Long

XrpUsd - The beginning of the end?

Updated

is actually attempting to invalidate my long term bullish case scenario.

Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.

Levels to watch: $0.42

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on XrpUsd:

Cryptocurrencies work best with technical analysis. Why? Because this is the only thing which traders are actually looking at. XrpUsd is retesting a massive confluence of support and I do expect a significant rejection higher from here...

Levels to watch: $0.44

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