Drecocpt_

XRPUSD: INDECISION IN THE CRYPTO MARKET.

KRAKEN:XRPUSD   XRP / U.S. Dollar
Hope you are feeling cheerful enough to give this a like, and also share your own Opinion about this pair.

After reaching it Recent High, XRPUSD has been struggling to make it to the previous high. After we saw the crash of the Titanic, all crypto markets are currently skydiving. After critically analyzing this market, I found out that the market is locked in what I will call a Bullish Flag . Good news? Don't get all happy and go long yet! Now price is testing an area of resistance and that area will determine If the Bulls are ready for another ride back to the 2$ psychological handle.

Another idea of mine, If the resistance eventually resist the Bulls from riding further, then we will see a ride to the prices below. I am Neutral for Now and I urge you to be also in this situation. You have come this far, why not hit the Follow Button and receive additional 200 years to your age. Lol. Stay safe!!!

Comments