this chart for XRP shows us two main lines:
A: Resistance Line): XRP has been trying to go higher since July, but it keeps hitting a sloped ceiling and bouncing back down. It's hitting that ceiling again right now.
B: (Support Zone): There's a strong floor below XRP where it usually finds buyers and stops falling.
What could happen next?
Go Up (Bullish): If XRP can break through that ceiling it's hitting now and stay above it, it could start moving much higher, maybe towards $12, $13, or even $14.
Go Down (Bearish): If it fails to break the ceiling and instead breaks below its strong floor, it could fall lower, maybe towards $9 or even $8.
Right now, XRP is at a very important spot. The next few days will likely show us if it's going to break up or break down. It's like a coiled spring, ready to jump one way or the other!
A: Resistance Line): XRP has been trying to go higher since July, but it keeps hitting a sloped ceiling and bouncing back down. It's hitting that ceiling again right now.
B: (Support Zone): There's a strong floor below XRP where it usually finds buyers and stops falling.
What could happen next?
Go Up (Bullish): If XRP can break through that ceiling it's hitting now and stay above it, it could start moving much higher, maybe towards $12, $13, or even $14.
Go Down (Bearish): If it fails to break the ceiling and instead breaks below its strong floor, it could fall lower, maybe towards $9 or even $8.
Right now, XRP is at a very important spot. The next few days will likely show us if it's going to break up or break down. It's like a coiled spring, ready to jump one way or the other!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.