ridethepig | XRP Market Commentary 2020.01.22
已更新
XRPUSD pulled back from the highs after a round of profit taking began across most cryptos with bids covering. The dips here in XRPUSD are likely to be shallow amid worries about missing the reflationary bounce, USD devaluation and search for yield. Expecting investors to continue building bullish XRP positions and putting hedges as we approach the highs in the jurisdiction.
Levels to track in XRPUSD: support 0.225 (Line in the sand) and resistance 0.25 followed by 0.27.
Overall, I see the case for meaningful XRP strength in 2020, but especially if considered versus USD, rather than EUR or GBP - maintaining longs will require patience and tolerance. Difficult to trade, for sure, but I still feel the bigger XRP risk lies to the topside.
This is a live example of destroying the defence:
Good luck all those buying dips in XRP .
Levels to track in XRPUSD: support 0.225 (Line in the sand) and resistance 0.25 followed by 0.27.
Overall, I see the case for meaningful XRP strength in 2020, but especially if considered versus USD, rather than EUR or GBP - maintaining longs will require patience and tolerance. Difficult to trade, for sure, but I still feel the bigger XRP risk lies to the topside.
This is a live example of destroying the defence:
Good luck all those buying dips in XRP .
交易結束：目標達成
Buyers taking full control in their jurisdictions as expected.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。