XRP just experiencing a dead cat bounce few days ago and producing a quite massive gains for those who entering at the right time. Wiping 12 weeks bearish in just 4 days pump.
We've been informing you all to exit this "not last forever pump" and buy back later. Here is the support and resistance case
1. XRP will have a weak support above 5000 sats where the demand has been built. But basically, the recent dump probably can be brutal.
2. For #1 reasons we are seeing that the second support as the strongest support which is around 4k sats and below 4,5k sats where at this level the demand are quite long for accumulating phase that probably "the whale" already enter long enough to accumulate before we even realize.
3. RSI level still in the middle which give a quite big room for retracement downward.
Trade safe!
We've been informing you all to exit this "not last forever pump" and buy back later. Here is the support and resistance case
1. XRP will have a weak support above 5000 sats where the demand has been built. But basically, the recent dump probably can be brutal.
2. For #1 reasons we are seeing that the second support as the strongest support which is around 4k sats and below 4,5k sats where at this level the demand are quite long for accumulating phase that probably "the whale" already enter long enough to accumulate before we even realize.
3. RSI level still in the middle which give a quite big room for retracement downward.
Trade safe!