TradeWithTyler

Warning 0.01 cent incoming for ripple XRP

Short
POLONIEX:XRPUSDT   XRP / Tether USD
XRP on the monthly chart, you can clearly see that it broke below the last support zone at 0.35cent. It attempted to regain its momentum and break back above at 0.35cent level, but it failed. There is no real support until we reach the next support level at 0.15cent and a break below that level will result in the bearish momentum pushing ripple back to 0.01cent. It will be interesting to see what happens, I'll be watching and updating this post for the next few months. Feel free to comment below whether you agree or disagree, lets have a conversation about it!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.