XRP hit the roof ?

BITFINEX:XRPUSD   Ripple / U.S. Dollar
First off, XRP has been performing very well since the 09/04 and this recovery was well needed. Im receiving a lot of people messaging me saying should i buy XRP ? Im pro XRP in the long run, i hold a ton of XRP and it lies in my best interest that the price of XRP increases. However, the reality is its probably not the best time to buy XRP yet until we receive further confirmations.

The first confirmation is that we will need to break above 0.75$, this is an area which we will see heavy resistance at. Not just that, the trendline acting as resistance, which is helping us form a wedge will post likely meet price once again at exactly that point. RSI also seems to be extremely overbought on the 4hr time frame for now. But as drawn on the RSI , if we break this line, to the downside which XRP seems to be using as some form of support through this whole bull run, we will see price move to the downside heavily. The break of this line will only occur once we have reached 0.76 and the rejection from that zone occurs.

What will this lead to ?

Possibility A : We move downwards to 0.66$, which we may meet some form of support, as historically bulls have come in at this price.


Possibility B: We move even further down to .55$ again, and this will occur once support at 0.66$ is smashed. RSI should at that point go back to 0.50 level where it has historically found resistance, but i believe we will now see support at that level as we will also be meeting the blue trend line which has commonly been used as support on RSI .

Follow us down below on our telegram channel, we will be posting long term Breakdowns on all our hodl coins if we can reach 200 subcribers by the end of the night.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out