XRP-4h. Negative news did not kill Ripple.
Ripple is alive. A small consolidation in which sellers were completely exhausted gave the XRP market a chance for new heights.
The main achievement of XRP is the return of the $0.24-0.26 range. However, no less important fact is that buyers do not allow sellers to organize a deep correction. For example, a similar negative situation occurred in the XMR market, when there was news about the delisting of a coin on one of the exchanges.
However, XRP buyers coped much better with the negative and bravely kept the price from collapsing in the range of $0.14-0.16.
In addition, the price of XRP returned to the limits of the growth channel.
Therefore, our main scenario is a test range of $0.44-0.46. According to the nature of growth in the next idea, we will write whether a correction is planned before updating the high with a target of $0.6.
We will consider the alternative scenario only after punching $ 0.24-0.26 by buyers.
_______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
The main achievement of XRP is the return of the $0.24-0.26 range. However, no less important fact is that buyers do not allow sellers to organize a deep correction. For example, a similar negative situation occurred in the XMR market, when there was news about the delisting of a coin on one of the exchanges.
However, XRP buyers coped much better with the negative and bravely kept the price from collapsing in the range of $0.14-0.16.
In addition, the price of XRP returned to the limits of the growth channel.
Therefore, our main scenario is a test range of $0.44-0.46. According to the nature of growth in the next idea, we will write whether a correction is planned before updating the high with a target of $0.6.
We will consider the alternative scenario only after punching $ 0.24-0.26 by buyers.
_______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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