XRP/USDJust some thoughts. We will see if XRP can hold this next support range. This depends on when BTC will begin its initial .702 retracement after indicating entering a bear market. Once BTC begins retracing, we will have entered the official alt coin season, especially for the alts that haven't reached new all time highs this bull season.
Xrpusdforecast
Ripple- can it drop to 0.5?Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion
Ripple- Best place to sell it shortI'm bearish Crypto market, and Ripple is not an exception...
Since the last attempt to conquer the 1usd figure, XrpUsd has dropped around 30% and now is in a slight recovery move.
This corrective rally can give bears the opportunity to open short trades and, in my opinion, the best place for this can be around 0.8 resistance (old support)
Only Ripple above 0.95 would negate this bearish scenario