XRP - Let's See If We Can Hold $0.70 (or at least $0.60)
As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60.
First it would be nice to see holding $0.70 as that would further prove how bullish the chart actually is. Theoretically price could dip down to $0.50 and still be bullish (but not further) so don't get worried if that happens.
Most realistic scenario that i see is the price going sideways in the range of $0.80-$0.65 especially if btc does one more push down from here. For now $0.70 area seems to provide good support. Again let's hope we hold it, if not you can see that as a even better buying opportunity (not a financial advice).
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
XRPUSDT
First it would be nice to see holding $0.70 as that would further prove how bullish the chart actually is. Theoretically price could dip down to $0.50 and still be bullish (but not further) so don't get worried if that happens.
Most realistic scenario that i see is the price going sideways in the range of $0.80-$0.65 especially if btc does one more push down from here. For now $0.70 area seems to provide good support. Again let's hope we hold it, if not you can see that as a even better buying opportunity (not a financial advice).
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
XRPUSDT
Comment:
If we use ichimoku cloud indicator on the 1D chart you can see that we still have a lot of resistance to break if we want to have a breakout in the upcoming days. This is one of the reason why i am in the belief that price could still go sideways for a couple of days.
