Ripple: XRPUSD Ripple Effect - next buy points
Ripple XRPUSD
Ripple continues to avoid the worst of the fall-out across most
other Alts - still riding high. It's consolidating recent gains
having doubled from 124 to 248, after near doubling again
before that from 64. It's making a U shaped top formation and
now struggling to bust above the old support line which has
become resistance to the upside - and now the range is
beginning to narrow. It has some more unwinding to do yet
but can be bought on dips, though would really only look to
day trade it for now though as this U -shape pattern has some
way to play out yet - the range between 212 and 197 and dips
to 185 could prove profitable in nearterm.
Others looking to buy this rising star can place orders at 197
and even 186 which should get struck if patient enough.
Ripple continues to avoid the worst of the fall-out across most
other Alts - still riding high. It's consolidating recent gains
having doubled from 124 to 248, after near doubling again
before that from 64. It's making a U shaped top formation and
now struggling to bust above the old support line which has
become resistance to the upside - and now the range is
beginning to narrow. It has some more unwinding to do yet
but can be bought on dips, though would really only look to
day trade it for now though as this U -shape pattern has some
way to play out yet - the range between 212 and 197 and dips
to 185 could prove profitable in nearterm.
Others looking to buy this rising star can place orders at 197
and even 186 which should get struck if patient enough.
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.