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CuddlyCuddles
Jul 11, 2019 4:27 PM

XRP/USD On the brink of destruction 

XRP / DollarBitfinex

Description

Once Again, I am hesitant to post this.

If XRP opens and closes below that green trendline, which has been 3 years of support, then I don't know what to say, there could be a move to like .01 USD. Ripple must hold this trendline. I honestly do not know how far it will fall if it doesn't.

Those are long candles approaching the trendline which was a breakout from the rising channel with a bearish divergence. Either the green trendline will continue to hold as support indicated by the violet lines (one of the violet lines indicates a spring, which is a bear trap) or the trendline will be broken and we will see lower price points. I don't know of any price objects, use round numbers, .25, .2, .15 etc.


XRP/BTC Analysis:



Comments
JagiThePretender
Sounds like a buy opportunity.
JagiThePretender
(chart thanks to Kiyanty)
NewYork888
When you get time take a look at our "XRP to 0.08c" recent post and all the hate comments we got - this call of yours is 100% correct.
Leiyun
give its past, I don't think a close below the green line is a disaster per se. It has done so before several times, right before strong ascends
CuddlyCuddles
@Leiyun, I already accounted for that with the violet line which represents a spring, also known as a bull trap.
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