XRP/USDT Technical analysis RIPPLE

30 mar 2022

Ripple currently is in the breakout stage of a descending clean it is currently test marketing on current resistance level and will most likely test positive but if it tests negative make sure to have a stop loss and buy at the lower optimal buy zone on the bottom of the diagonal channel or red support line.

• Red line = Strongest support for XRP
  
  
• Orange line = Strong current support
  
  
• Yellow line = Current test market resistance if breaks will reach green
  
  
• Green line = future strong resistance
  
  
• Cyan line = Optimal sell off point for people willing to take the risk
  
  
• White line = Strong top resistance if market continues in it way it will surely break it if the cyan line is broken then reach top of channel
  
  
• White arrows = What i forecast will most likely occur
  
  
• Yellow arrows = What i think has a descent possibility of happening (if btc has a pull back)
  
  
• Red arrow = What i think is highly unlikely but has potential to occur which may be beneficial due to it being in the other buy zone

If you have any questions on my analysis leave a comment below and if you want me to draw any graph for any stock or crypto be sure to let me know and i would love to hear any criticism towards my analysis since it helps me learn, would be much appreciated!!!

XRPUSDT