after a deadly drop to .20 cents there seems to be a relief rally coming to save a few of those who bought at .20 cents
there seems to be a opportunity to make a 20% profit from longing here
then we will drop :)
XRP/USD downtrend has not been broken despite the many attempts by bulls.
Rejections at .26730, .25775 and .25396
Unless XRP manages to break and close above the trend line then we could potentially see a temporary move to the upside
with that being said we did close bullish yesterday but it has not affected the price movement at all
Its very clear that XRP...
If XRP closes below .26472 then we can expect a drop to our extremely liquid position of .25763-.25011 resulting in an almost 6% drop
if XRP closes above the .26472 expect a retest of the .27 cent range
I am not taking any position here
I am going to wait and see how this plays out.
if you wish to act on this then let me know how it works for you!
easy short for XRP, descending triangle on the daily which is already in the process of dumping will make this an easy short.
could this be the final drop before the bull market?
its possible, but we will have to wait and see.
let me know what you think in the comments below!
I believe XRP will reach support zone of .35 if broken it will then reach .34 (another support zone) one that support zone is hit it could test .40. If it doesn't break .40 cents it could go way lower (not financial advice) just an opinion on what is going on in the market right now.
