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CryptoCheck-
Sep 1, 2021 3:26 PM

XRPUSD - Retest of $1.30 Supply zone 

XRP / U.S. dollarBitstamp

Description

Hi Everyone

We saw some volatility in XRP after yesterday's SEC case, the outcome was generally considered positive for Ripple. However this doesn't affect our current cycle; we still need to retest supply zone/ resistance of $1.30.

I expect us to move towards this target as ETH makes its run, which is currently happening. After ETH new high we can consider a new high for XRP, as per previous cycles.

Thanks for watching,
Ev

Comment

It seems BTC stole the show again; we might consolidate at this point right under our target for the time being whilst Bitcoin continues to move.

Comment

Moving up towards our first target $1.30, we would need to CLOSE ABOVE this zone to consider it captured.

Comment

Target reached, now we need to close above. If we manage that, the skies are open!
Comments
CryptoJ666
Thank you for the post and for giving some insight in how you run your setup! Assists tremendously and will definitly align my setup accordingly :-)
CryptoCheck-
@CryptoJ666, Only a pleasure.
MMBTtrader
well done
CryptoCheck-
@MMBTtrader, Thank you
Frazius
Well, let's hope so. push up is very weak atm.
CryptoCheck-
@Frazius, Yes let's hope so.
Frazius
Mhm... we didn't cose above. What now?
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