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Mihai_Iacob
Jan 17, 2022 2:49 AM

Ripple- can it drop to 0.5? Short

XRP / U.S. dollarBitstamp

Description

Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion
Comments
CryptoSlayerFX
I think by mid-end Q1 we will see this
JayB7
Thanks for sharing, at what level you would suggest it has broken the down trend?
CobraVanguard
🌳Well done!
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