After a very strong correction, XRP seems to be catching price resistance.
From the point of view of catching the trend reversal, this may herald some stabilization in the 0.18-0.22 $ region.
My personal opinion is that XRP could see another drop in the $ 0.15 range due to strong resistance in the region. From a technical point of view, after such a strong correction move, you can often see a rebound and high levels from before the correction to around 0.45 - 0.50 $.
It all depends of course on the upcoming news about the SEC case, but it seems to me that the worst drops and fear are behind us.
People have such a thing that they act in an extreme manner and they often revise things which lead to crashes. From the point of view of RSI on 1D, we have reached the very bottom, which may additionally confirm that the bottom has been reached. Personally, I start buying XRP but in small quantities for fear of "new bad news about XRP"
old anali.
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2)
From the point of view of catching the trend reversal, this may herald some stabilization in the 0.18-0.22 $ region.
My personal opinion is that XRP could see another drop in the $ 0.15 range due to strong resistance in the region. From a technical point of view, after such a strong correction move, you can often see a rebound and high levels from before the correction to around 0.45 - 0.50 $.
It all depends of course on the upcoming news about the SEC case, but it seems to me that the worst drops and fear are behind us.
People have such a thing that they act in an extreme manner and they often revise things which lead to crashes. From the point of view of RSI on 1D, we have reached the very bottom, which may additionally confirm that the bottom has been reached. Personally, I start buying XRP but in small quantities for fear of "new bad news about XRP"
old anali.
1)
2)
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