XRPShort
XRPUSD : could drop below 0.14$ soon
XRPUSD is trading in a downtrend channel on a Monthly timeframe.
XRPUSD rejected monthly resistance at 0.325$ in the Month of October and printed a bearish candle last month.
Bitcoin is bearish at this moment and could drop below 6000$ in the coming weeks, Bitcoin dominance could increase during bitcoin drop - which can also initiate a further drop in XRPBTC Value.
Drop in Bitcoin value, and XRPBTC Value could push the XRPUSD value down, and it may retest monthly support around 0.14$.
0.14$ acted as strong support for XRPUSD in 2017 When price managed to hold this support for six months.
Anything Below 0.14$ is a very good buy for XRPUSD for investment-wise.
As of now, a Very good chance for ripple to drop around 0.13-0.15$ area.
XRPUSD rejected monthly resistance at 0.325$ in the Month of October and printed a bearish candle last month.
Bitcoin is bearish at this moment and could drop below 6000$ in the coming weeks, Bitcoin dominance could increase during bitcoin drop - which can also initiate a further drop in XRPBTC Value.
Drop in Bitcoin value, and XRPBTC Value could push the XRPUSD value down, and it may retest monthly support around 0.14$.
0.14$ acted as strong support for XRPUSD in 2017 When price managed to hold this support for six months.
Anything Below 0.14$ is a very good buy for XRPUSD for investment-wise.
As of now, a Very good chance for ripple to drop around 0.13-0.15$ area.
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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.