XRP - Market Recap
Hello traders,
Here's a quick update on XRP : USD pair on both weekly and daily time-frame.
Starting off with the weekly time-frame you can tell the .30 level that we covered on the previous article did hold pretty well as a resistance thus triggering an immediate reversal, resulting with a break below the .282 weekly support ( now turned resistance ).
Judging by the current momentum of both BTC and XRP we should be seeing .24 level shortly or even extend a bit lower to .212 psychological level, however the main focus will be on .24 cents.
Taking it down to the daily time-frame we fulfilled the .257 intraday target - this is the last support on the daily which keeps the price from melting towards .24 cents. Should this level hold well we could be seeing some small stop hunt reversals to the upside, however at this point the .24 in my opinion looks inevitable.
Make sure to follow us on Telegram for further updates.
Here's a quick update on XRP : USD pair on both weekly and daily time-frame.
Starting off with the weekly time-frame you can tell the .30 level that we covered on the previous article did hold pretty well as a resistance thus triggering an immediate reversal, resulting with a break below the .282 weekly support ( now turned resistance ).
Judging by the current momentum of both BTC and XRP we should be seeing .24 level shortly or even extend a bit lower to .212 psychological level, however the main focus will be on .24 cents.
Taking it down to the daily time-frame we fulfilled the .257 intraday target - this is the last support on the daily which keeps the price from melting towards .24 cents. Should this level hold well we could be seeing some small stop hunt reversals to the upside, however at this point the .24 in my opinion looks inevitable.
Make sure to follow us on Telegram for further updates.
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