CuddlyCuddles

XRP/USD On the brink of destruction

BITFINEX:XRPUSD   瑞波幣
Once Again, I am hesitant to post this.

If XRP opens and closes below that green trendline, which has been 3 years of support, then I don't know what to say, there could be a move to like .01 USD. Ripple must hold this trendline. I honestly do not know how far it will fall if it doesn't.

Those are long candles approaching the trendline which was a breakout from the rising channel with a bearish divergence. Either the green trendline will continue to hold as support indicated by the violet lines (one of the violet lines indicates a spring, which is a bear trap) or the trendline will be broken and we will see lower price points. I don't know of any price objects, use round numbers, .25, .2, .15 etc.


XRP/BTC Analysis:


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