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Xrpusdanalysis

XRPUSD -Daily chart prediction on Feb 2021XRPUSD on the daily chart. Previously predicted bearish movement hit aound $0.55 at the supply zone and bounce back up to around $0.9. Now price predicted to make another dip to hit another demand zone and make Lower Low (ref to chart). It based on Weekly candle that are now seems like rejecting market price at current supply zone (ref to weekly chart-you will see it clearly). But, if price able to break the weekly supply zone, price might be able to create new higher high. Look at the large flag pattern on daily/week chart - price will go higher than that. ***Just for sharing opinion based on supply n demand strategies, not financial advice. ***
BITSTAMP:XRPUSD
by Sany_Harun
1
XRP overbought at a Resistance levelI like how XRP`s strongest support in the chart, the $0.55 area hold up so well. It`s a level to take into consideration when it will enter a bearish trend. For now XRP has hit a resistance level from which it was rejected. In a bullish case scenario before the Feb 28 SEC lawsuit, there is another, this time stronger resistance area, at $1.14 to take into consideration. I think it needs to consolidate here first. Looking forward to read your opinion about it.
by TopgOptions