kyer

$XRP - Still a Falling Knife

KRAKEN:XRPUSD   XRP / U.S. Dollar
XRP Ripple Market Breakdown - June 29th, 2020

  • Last post I said re-entry hit at 0.18253, well that hit but we still haven't entered. Still waiting and being patient, because price is still a falling knife

  • XRP also needs to break out of this local downtrend before thinking about moving up, What I think is very possible that might happen is it wicks the bottom side of this trend and continues falling down.

  • If the stock market stabilizes out though, we are faced with another scenario. XRP will probably trend sideways for a bit out of this trend until it finds support above 0.1825 and from there is where we will enter.

  • Patience is key in trading, especially on these frustrating coins like XRP Ripple

As always please do your own research, I am not a financial advisor.

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