XRP is currently at the bottom support of 30,5 Cents. Either we will bounce from that bottom towards the range highs of 32,5 (=> Mean-reverting trade), or we will break the bottom support towards 30 Cents psychological (Breakout trade), and 28,5 as the last 'bastion' of the bulls.
The direction will highly depend on what grandpa Bitcoin does now:
For the case the 28,5 doesn't hold, the free fall could already occur towards 25 Cents summer lows of 2018, and eventually even much lower. We can perfectly see the importance of the bottom on the Weekly chart:
If you have no idea what to do in that case of scenario, if you are too heavily invested: it is time to learn about Money & Risk-management. I can help you! ;)
The direction will highly depend on what grandpa Bitcoin does now:
For the case the 28,5 doesn't hold, the free fall could already occur towards 25 Cents summer lows of 2018, and eventually even much lower. We can perfectly see the importance of the bottom on the Weekly chart:
If you have no idea what to do in that case of scenario, if you are too heavily invested: it is time to learn about Money & Risk-management. I can help you! ;)
