💎Technical Analysis Summary💎
-XRP broke its key level of support around 2200 sat
-The price did a retest and turns out to be new resistance
-If the Bears can send more follow-through in the coming days
-The downside target is the 2000s sat area or next key level
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel ...
After 5 wave impulse since the March 2020 low, we went into an ABC correction and consolidation within an ascending triangle.
Time cycles also show that a breakout to the upside is expected in the short term (1 to 3 weeks IMO).
Not financial advice
XRP is leading the crypto market this week in terms of upside gains at the moment and it looks like XRP is on it's way to close out the top of this valley drawn out at 0.25872
It bottomed out and moved sideways just underneath the 0.24535 support level and now hit TP at 0.24820 and found itself above the uptrend too.
Ripple has also published its third annual...
TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION
XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that...
Ripple - Short Term - We look to Buy a break of 0.2608 (stop at 0.2538)
0.2600 continues to hold back the bears.
The RSI is trending higher.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 0.2608, which will confirm the bullish sentiment.
Early pessimism is likely to lead to losses although extended attempts...
The movements forming at current levels in the Bitcoin will be crucial for understanding the further price movement. An impulse price decline below the level of 11200 will increase the probability of short trend movement. Price exit to the top from the current consolidation will give push to further growth of quotations. Investors’ sentiment is at neutral...
The movements forming at current levels in the Bitcoin will be crucial for understanding the further price movement. An impulse price decline below the level of *1180600* will increase the probability of short trend movement. Price exit to the top from the current consolidation will give push to further growth of quotations. Investors’ sentiment is at neutral...
XRP reversed off its resistance at 0.242 where it could potentially drop further to 0.2280
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