As you can see on this chart, did XRP break a downward trend line on the 4h chart.
On the 15m chart can you see that we are retesting it right now.
BTC dominance is also dropping, because it has hit massive resistance.
ALTs are looking like they will get a healthy pullback upward!
I am long on XRP:
We hit massive support, both horizontal as a weekly trend line
XRP is in oversold conditions on the 1D chart
XRP hasn't moved much, while other top 10 coins did move a lot
XRP's price is in massive divergence against the good news that is coming (price drops, good news is send out)
Why XRP could drop more:
Everybody seems bullish on XRP, so a whale can easily REK weak hands right to make bag holders panic sell before a real moonshot
Good luck and don't forget to Look at the Big Picture
On the 15m chart can you see that we are retesting it right now.
BTC dominance is also dropping, because it has hit massive resistance.
ALTs are looking like they will get a healthy pullback upward!
I am long on XRP:
We hit massive support, both horizontal as a weekly trend line
XRP is in oversold conditions on the 1D chart
XRP hasn't moved much, while other top 10 coins did move a lot
XRP's price is in massive divergence against the good news that is coming (price drops, good news is send out)
Why XRP could drop more:
Everybody seems bullish on XRP, so a whale can easily REK weak hands right to make bag holders panic sell before a real moonshot
Good luck and don't forget to Look at the Big Picture
Note
Double retest?Bulls seem not to be convinced to push the price up right now
Sharp wick down is possible
Note
Good bullish volume right now after breaking that trend line and retesting it on the 4h chart. But XRP is still facing a lot of resistance in this range...
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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.
Related publications
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.