XRP- Back under support, not good at all
The news that XRP is not secure triggered a strong move for the coin with the price almost reaching parity.
However, after a normal correction and consolidation, instead of continuing to the upside, XrpUsd has dropped back under 0.55 old resistance, which should've provided support and it hasn't.
Now, with the price back under this resistance and with the selling pressure all over the crypto market, we can expect a new drop to 0.4 support.
I'm looking to sell with stop loss above 0.55
However, after a normal correction and consolidation, instead of continuing to the upside, XrpUsd has dropped back under 0.55 old resistance, which should've provided support and it hasn't.
Now, with the price back under this resistance and with the selling pressure all over the crypto market, we can expect a new drop to 0.4 support.
I'm looking to sell with stop loss above 0.55
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