XRP falling below $3 bucks again?????
Giving this another go. I have no idea what the heck is going on with XRP and why the price drop but there is a possibility to buy more XRP below $3.
- I see a descending triangle formation, which can signal a continuation downtrend.
- I established a support line with at around 3 bucks.
- If XRP falls to this support, we could look for a bounce back or further breakdown.
- I would think if it starts to fall below $3, we might get a sell off from folks that bought a little above $3 bucks recently.
- I have the resistance levels at 3.20 to 3.22. A break out above 3.22 could trigger an uptrend. Hopefully.
Let me know what yall think. Still fairly new to TA! 😁
- I see a descending triangle formation, which can signal a continuation downtrend.
- I established a support line with at around 3 bucks.
- If XRP falls to this support, we could look for a bounce back or further breakdown.
- I would think if it starts to fall below $3, we might get a sell off from folks that bought a little above $3 bucks recently.
- I have the resistance levels at 3.20 to 3.22. A break out above 3.22 could trigger an uptrend. Hopefully.
Let me know what yall think. Still fairly new to TA! 😁
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