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ThePhoenix_
Feb 1, 2021 5:45 PM

XRPUSD - SELL OFF DISTRIBUTION AFTER THE RALLY - BUY 0.33 AREA Long

XRP / U.S. dollarBitstamp

Description

Following the huge upside and also an enormous upper shadow with 0.75 triggered, XRP is now close to a strong polarity support around 0.33 level. Tactically it could be a good opportunity to play a rebound with 0.45 as first target. Inversely, a break down of the 0.33 support could lead the crypto to 0.25 as next strong support.
Comments
ThePhoenix_
@g_h_a_p, first support now is 0,33 area because of the polarity concept and it was yesterday a resistance. let’s see what the market play has to say about that ;)
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