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P_S_trade
Jan 12, 2021 5:54 PM

XRP-4h. Buyers held $0.24-0.26 and are preparing to shoot. 

XRP / TetherUSBinance

Description

Despite the unpleasant situation in the
yesterday, XRP buyers showed courage. Breaking the critical range $0,24-0,26 on January 6-7 gave XRP investors a signal for a probable growth of the coin. Confident control of the $0.24-0.26 range yesterday gave buyers another note of positivity.

In addition, yesterday sellers tested the critical range at lower volumes. Comparing yesterday's trading volumes with the volumes on January 6-7, it becomes clear that yesterday's attempt by the sellers to impose a struggle was just a correction.

Confident continuation of XRP price growth is possible only after consolidating above the range of $0.32-0.33. It is in this range that the main liquidity has accumulated, which does not allow the price to reach the first target of $0.45-0.46.

An unsuccessful attempt by buyers to break the $0.32-0.33 range will continue the consolidation between the $0.24-0.33 marks.

In the event of a new sharp wave of decline in the BTC market - we will create a new XRP idea.

P.S. what do you think about XLM idea:


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Comments
CobraVanguard
GREAT ANALYSIS. THANKS
P_S_trade
@T_V_TreeTrader, I hope it works out)
DACapitalTrading
Good technicals buddy
P_S_trade
@DACapitalTrading, thanks mate)
FOREXN1
Nice setup friend !
P_S_trade
@FOREXN1, let's see) thank you
FieryTrading
Great analysis, my idea:
P_S_trade
@FieryTrading, thanks for sharing
kyer
Let's get it XRP army pump it
P_S_trade
@kyer, we will hope that the army is alive)
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