Hello traders,
Just like the BTC, we haven't anticipated any major movement on the XRP too.
The price is still in-between the zone that I covered on prior analysis. We have a similar situation as on the BTC chart, upon falling we hit the support region of .24 cents last week, this week resulted with a significant spike towards 26 cents and an instant reversal back down to the support region where we are currently sitting. If BTC continues to fall, with its 67% market cap dominance - It will make alts to suffer even more.
Should we break below the .24 cents support region we could be seeing spikes toward the psychological level of .21 cents. Depending on how this level will hold we can either head back up or continue to fall lower towards .19 cents or even extend all the way back to .16 cents.
If Bitcoin starts climbing, and the .24 cents support region of XRP holds up well, we could be seeing .28 cents - weekly resistance level being met.
Just like the BTC, we haven't anticipated any major movement on the XRP too.
The price is still in-between the zone that I covered on prior analysis. We have a similar situation as on the BTC chart, upon falling we hit the support region of .24 cents last week, this week resulted with a significant spike towards 26 cents and an instant reversal back down to the support region where we are currently sitting. If BTC continues to fall, with its 67% market cap dominance - It will make alts to suffer even more.
Should we break below the .24 cents support region we could be seeing spikes toward the psychological level of .21 cents. Depending on how this level will hold we can either head back up or continue to fall lower towards .19 cents or even extend all the way back to .16 cents.
If Bitcoin starts climbing, and the .24 cents support region of XRP holds up well, we could be seeing .28 cents - weekly resistance level being met.
