XRPUSD LONG TERM CHART
From the point of technical analysis XRP is currently facing it's worse time ever since 2017.Which does not imply that you cannot earn on that.As the price starts to decline due to negative crypto market as recession for alts is happening (i assure you many will perish) things are getting bit historical now.
XRP is reaching it's former lows from 2017 as this channel on D time frame is perfect for it to escalate for some tests for new lows.Our current price at 0.18-0.19 has attempted to test it's support at 0.18 but it was short breath.Right now in this moment there is absolutely no guarantee for a pullback so we can expect some deeper falls for new tests.We have 2 very strong support line at 0.18 and 0.14 which if broken may prove fatal for price of XRP.If that does happen and we exit this channel at negative way, after a few days of confirmation you have clear road for 0.03.
This is not time for holders because price is simply too much volatile.Use your short term trades and profit from backside movement of price.Safe logical position for a buy would be around 0.14 with SL at 0.12500
Any questions please PM me and wish you all good luck.
L - C please
XRP is reaching it's former lows from 2017 as this channel on D time frame is perfect for it to escalate for some tests for new lows.Our current price at 0.18-0.19 has attempted to test it's support at 0.18 but it was short breath.Right now in this moment there is absolutely no guarantee for a pullback so we can expect some deeper falls for new tests.We have 2 very strong support line at 0.18 and 0.14 which if broken may prove fatal for price of XRP.If that does happen and we exit this channel at negative way, after a few days of confirmation you have clear road for 0.03.
This is not time for holders because price is simply too much volatile.Use your short term trades and profit from backside movement of price.Safe logical position for a buy would be around 0.14 with SL at 0.12500
Any questions please PM me and wish you all good luck.
L - C please
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