XRP: Makaveli🦍Trader & The XRP Bear Strike(Can we See $1.2-0.6)
Congrats to all XRP holders since 0.2 dump in Dec 2020, It's been a beautiful run, Yes The Bulls are not done yet on XRP but the XRP bears are one hell of powerful strikers that you will not want to be hit by them before taking some profit of XRP and rebuy on the pullback. Now Pullbacks are normal in every Bull run but in XRP this pullback can be extended.
Welcome to this analysis with the Gorilla🦍Trader and the XRP Bulls/Bears Market Analysis. the terms Bulls means Buyers and Bears mean Sellers.
The XRP bulls were angry and we had a parabolic run to hit my Target of $1.5 like a boss, Now I hear haters silent and looking colder than my frozen chicken 🤣.
Without any news, XRP made it to the moon successfully, this is why technical analysis beat the news when it comes to crypto.
A look at 4hrs Chart, We see a strong resistance at $1.5 this is a strong Bears zone and could lead to a trap for the bulls.
Buying this $1.5 is a big trap as chance of pulling back to at least $1.2 is possible, in fact we could see this lead to 0.6 as this is most likely the stronger support but I expect the pump to continue after a strong sideways occur just after incoming dump.
Good buy entry in my opinion is at this pullback any way from $0.6 to $1.2 area will act as a strong support for the bulls to attempt $2 to $3.
Supports to Watch out on :
First suppoort : $1.26 - 1.18
Second support: $0.9 to 0.8
third support : 0.6 to 0.4(worts case scenario)
Welcome to this analysis with the Gorilla🦍Trader and the XRP Bulls/Bears Market Analysis. the terms Bulls means Buyers and Bears mean Sellers.
The XRP bulls were angry and we had a parabolic run to hit my Target of $1.5 like a boss, Now I hear haters silent and looking colder than my frozen chicken 🤣.
Without any news, XRP made it to the moon successfully, this is why technical analysis beat the news when it comes to crypto.
A look at 4hrs Chart, We see a strong resistance at $1.5 this is a strong Bears zone and could lead to a trap for the bulls.
Buying this $1.5 is a big trap as chance of pulling back to at least $1.2 is possible, in fact we could see this lead to 0.6 as this is most likely the stronger support but I expect the pump to continue after a strong sideways occur just after incoming dump.
Good buy entry in my opinion is at this pullback any way from $0.6 to $1.2 area will act as a strong support for the bulls to attempt $2 to $3.
Supports to Watch out on :
First suppoort : $1.26 - 1.18
Second support: $0.9 to 0.8
third support : 0.6 to 0.4(worts case scenario)
