LudwigStirner

Is Ripple(XRP) in for downside?

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POLONIEX:XRPBTC   瑞波幣/比特幣
Ripple was trading below the key moving averages a few days ago, which implies that wasn't the best time to look for entry into the coin, but you could think about to open a long position right now because the XRP price goes above the 20-Day and 50-Day EMA, you should not rush to draw conclusions.

XRP faces strong resistance from 12.5k to 13.5k Sats, which will take something special to break through. In addition to the strong resistance zone, I don't see any additional signals to buy. Yes, the MACD line rised above the signal line, implying that XRP coin price might well higher... But you need to know that a Whale can draw such charts for you as he wants, when he needs your money he will deceive you. I expect, Ripple can continue along the road to downward path over the next few months.
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