kriptoclub

XRP/BTC - Short Term Key Price Level To Watch

POLONIEX:XRPBTC   XRP / Bitcoin
In my previous analysis, I mentioned if XRP fall below the 3500 sats it can drop down to the 3000 price level. At this moment there is a still probability to drop even further up to the 2750 sats. This would be happening if XRP falls below 3070 - 3000 sats.

In this analysis, I will give you an idea of which price level you have to watch.

Ripple is at this moment at some sort of triangle on 15 minutes chart. Breaking up or down will lead us into the next resistance/support lines.

If XRP breaks above 3280 sats this could take us up to the next resistance line at 3465 sats. In this case, we will probably see the completion of the diamond pattern which is currently forming at XRP/USD chart which can push price higher up to the 43 cents.

On the other side, if XRP falls below 3190 sats this will push the price lower down to the 3070-3000 sats. This price level is at the moment's main support area which XRP needs to hold. If not, fall down the 2750 price level is most likely.

Trade safely and use a stop loss.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.