XRP fell through a very important key level this week. Here, we may see more downside momentum. It has pulled back quickly to this zone, but it may just be a retest and reject to make a new low. If we get a 50% retracement rejection I expect to see a downside move to 20 cents.
What do you think? Like, comment and follow!
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Sell in profit, almost 6% gain. I am hoping we will see the sells accelerate soon.
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Our sell is running 10% in profit.
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TP1 was missed by less than a pip, so we'll close half and go risk free as if it did get hit.
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I added another partial tp at the .35000 to .31000 range because it may be a strong area of support. We are currently 90 pips in profit.
Does anyone mention BTC when doing the analysis? All the Alts had the same pattern due to BTC tanking.
jahhlee
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@OxbadOded, Very true. BTC pushes the crypto market but XRP also has the SEC lawsuit in the works as well and that is playing into my bearish bias right now along with the technicals.
UnknownUnicorn14302512
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@brelz, you are talking as if each move up or down had only one wave. I have never seen a chart like that, it would look funny. But maybe today is the day the price action will completely change the way it works. You might be right. But I would not bet too much money on it.
JituFomo
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i want to see 0.27 usd so that i can buy back
jahhlee
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@JituFomo Same bro, if it goes low enough i’m going to buy a lot!