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Juan-Pierre
May 3, 2021 12:32 PM

XRP Bearish Divergence 

XRP / U.S. dollarBitstamp

Description

Good day, Traders. We have bearish divergence on the weekly. Will she test support at 0.8 level, or will she push through to test ATH at about 2.75 from the weekly close in early 2018. Im thinking .8 retest. Lets see. Please leave a like if you agree, Or let me have your thoughts below. Cheers
Comments
Tighand222
Structurally, we had a seven wave count in the correction back to support @ .90 which was also a resistance from early 2018. If XRP fails to break 1.65 I'll be looking for a retest of the 1.20-1.25 range followed by another Crack at 1.65 then towards ATH. But, I just don't see it going below a dollar. Possible, I just don't think probable. If it does, I'll be more than willing to scoop up more XRP below a dollar.
Juan-Pierre
@Tighand222, Thanks for the comment. Lets see how she plays out over the next couple weeks. XRP has the habit of ripping your heart out every now & then. .8 wont surprise me one bit.
Tighand222
@Juan-Pierre, lol ain't that the truth. XRP ain't always easy to hodl.
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