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PolarHusk
Dec 24, 2020 7:35 PM

XRP/USDT (Retest 50W MA Support) 

XRP / TetherUSBinance

Description

💎Technical Analysis Summary💎



BINANCE: XRPUSDT


-XRP hit the strong weekly resistance area which is a good profit-taking zone
-We saw rejections for a few weeks then after bad news came out
-The price sharply drop back to its 50W MA support with the confluence of the previous trading level
-If XRP can hold this current price for at least 1-2 weeks
-And BTC don't dump after, I think this coin has a good chance of a relief bounce
-For now, the market is full of uncertainty and no sign of strength yet
-I don't recommend buying yet, please wait for any sign of a reversal in the lower time frames
-Happy trading and a Merry Christmas to all :)



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Comments
Crypto_RC
Hey polarHusk, I complete agree with you! I see two options between 0.18 & 0.3 USD for buy in.

I’m also really excited what BTC is going to do. If we really will see a dump to under 10.000,00 USD I’m really interested what will happen to all Alts.

I think we should be prepared for every option!
Dave-FX-Hunter
Another great shot
KlejdiCuni
Thank you!
abel11
I will like to see how this goes
AsadDelsouzkhaki
Any update about this?
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