Hey traders, quick XRP update. Everyone is freaking out about the recent dip after a 14% move up, if you can't handle moves like this you shouldn't even be in the crypto space.
First off, the move up stopped at a very significant level, $0.225 monthly level marked in white on the chart.
It also broke out of the Valley that was formed, marked by the red triangle.
XRP bottomed out at $0.175, which we created the bottom edge of the triangle. From here I expect XRP to fall back down a little more and drawback to accumulate along the red uptrend until we inevitably breakout of the valley and close above $0.225
Great entry would be anywhere along the red uptrend line.
As always please do your own research, I am not a financial advisor.
First off, the move up stopped at a very significant level, $0.225 monthly level marked in white on the chart.
It also broke out of the Valley that was formed, marked by the red triangle.
XRP bottomed out at $0.175, which we created the bottom edge of the triangle. From here I expect XRP to fall back down a little more and drawback to accumulate along the red uptrend until we inevitably breakout of the valley and close above $0.225
Great entry would be anywhere along the red uptrend line.
As always please do your own research, I am not a financial advisor.