XRPLong
Ripple Daily Dose 3/26/19 | Short-term support holds!
Ripple has bounced off of $.30 for about 5% and while the move is strong, we have not broken a downward trend. If Ripple continues its move up I am expecting a retracement at $.33215. If XRP closes above that then I will be more confident that there is plenty of room to grow. Previously, the macro triangle I had drawn did not consider the massive 4HR wick that happened on March 14th, but it is now apparent that I made a mistake and should have because the price bounced off at that trend line. If we do continue at this range, it should not be for much longer as it will reach its apex by April 13th. I am currently flat now and will remain that way but the bounce we had today was very promising for short to mid term.
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.