Possible Ripple scenario Short

XRP / U.S. dollarBitstamp

Description

⋅ Oct 22, 2021 8:41 AM

There is small probability that trend continues upwards before retesting strong support.
XRP/USD at the moment looks more bearish rather than bullish

Comments

Smu21

⋅ Oct 22, 2021 7:57 PM

Descending triangle pattern on the 4hr so price can definitely drop

geekpe

⋅ Oct 22, 2021 12:48 PM

if this go to 0.70 range this could go to 0.60-0.50 (very easy) to continue drop...
holding over 1usd is bull but this cycle is almost over
overextend

poplach

⋅ Oct 22, 2021 6:10 PM

@geekpe, The maximum drop what I see could happen - a wick to 0.65, same as happened May 24 this year