XRP/USD - Consolidating around $1 before any more pump...🤔
I don't see XRP pumping any time soon. It seems price has decided to take a break and consolidate around $1. As you can see right now we're hugging the support at $1.3.
If that fails to sustain us, then our next significant support is just under $1.
The daily indicators are bearish unfortunately, however, in a large bull market, this may indicate consolidation, so I'd be surprised for XRP to fall under $1. Nevertheless, best to wait for now and let XRP find a base before considering any longs.
MACD is about to cross on the negative and RSI is falling. This is bearish. On 4h we're still in search for a base, so likely we will continue to fall before we can find a base to pump again. Patience.
Market took a dump yesterday and now we're trying to find our legs again. Until then, we're on shaky ground. Trade accordingly. Also check my ETH and BTC ideas linked below for more on that.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
If that fails to sustain us, then our next significant support is just under $1.
The daily indicators are bearish unfortunately, however, in a large bull market, this may indicate consolidation, so I'd be surprised for XRP to fall under $1. Nevertheless, best to wait for now and let XRP find a base before considering any longs.
MACD is about to cross on the negative and RSI is falling. This is bearish. On 4h we're still in search for a base, so likely we will continue to fall before we can find a base to pump again. Patience.
Market took a dump yesterday and now we're trying to find our legs again. Until then, we're on shaky ground. Trade accordingly. Also check my ETH and BTC ideas linked below for more on that.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
đź“Ł Find more Alpha by joining Your Crypto Community đź”° LINKs BELOW đź”°
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.