XRP didn't see much follow through on the Engulfing candle (that followed grandpa BTC's Engulfing yesterday). Now we're looking towards holding 31 Cents as 4H higher Lows.
If the bulls cannot manage to do so, we will have the potential to correct towards the previous potential H&S zone at 30 Cents psychological, either to the right shoulder, or even up to the head.
In the direct correlation XRP/BTC the bulls reacted at 3k Satoshi, but rejected at the previous resistance at 3,3k Satoshi.
=> The important break in XRP/BTC happened at 4K Satoshi, and we still have huge downside potential towards Bitcoin, as the next important support is coming in at around 2k Satoshi psychological range. As long as we cannot break the 4K above, it makes no sense to play XRP bullish, rather than BTC.
Crypto is currently fully under attack by the US government. It might be interesting for XRP HODlers to watch my video about this topic attached. Wish you a great weekend guys! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
If the bulls cannot manage to do so, we will have the potential to correct towards the previous potential H&S zone at 30 Cents psychological, either to the right shoulder, or even up to the head.
In the direct correlation XRP/BTC the bulls reacted at 3k Satoshi, but rejected at the previous resistance at 3,3k Satoshi.
=> The important break in XRP/BTC happened at 4K Satoshi, and we still have huge downside potential towards Bitcoin, as the next important support is coming in at around 2k Satoshi psychological range. As long as we cannot break the 4K above, it makes no sense to play XRP bullish, rather than BTC.
Crypto is currently fully under attack by the US government. It might be interesting for XRP HODlers to watch my video about this topic attached. Wish you a great weekend guys! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
