Xrpusdsignal
Ripple- 0.7, a good place to sell shortAfter the recent 0.55 low, Ripple has found support and, like all crypto market is in a correction.
This correction can be a good opportunity for speculators to join the trend and sell this rally.
A good place for this can be 0.7 resistance with a target towards 0.5 important support.
Sustained buying above 0.7-0.75 would negate this scenario
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