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Mihai_Iacob
Nov 22, 2021 3:42 AM

Can Ripple drop to 0.85-0.86 zone support? Short

XRP / DollarBitfinex

Description

Like a lot of coins, Ripple also has made a local top on 10th November. Since then, XrpUsd is trading down, making lower highs on our chart.
Also, Ripple has broken under symmetrical triangle support and now is trading near 1.02 support
A break of this support would give scope to further drop and open the door for 0.85 zone
Only XrpUsd back above 1.1 would put a pause in this bearish scenario
In my opinion, rallies should be sold
Comments
TheSignalyst
If this happens, I will add more longs at the lower level
Mihai_Iacob
@TheSignalyst, this also can be a strategy
thriftyKing10678
Very good one, final test!
yonsfx
Siick bro
Mihai_Iacob
@yonsfx, thanks for comm
Lingrid
good call
MonoCoinSignal
Great scenario
Zizo20022002
Thank you!
KlejdiCuni
Great analysis!
M454S3K
thank you
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