The development at Ripple has been quite boring lately.
Many have hoped that the trend reversal is coming soon. However, technical analysis still advises caution.
There are still not enough positive indicators. Ripple broke the long term support down. And also the long-term Fibo 0.236.
The next support could be the short-term Fibo (0.236) at 0.00005814. Even if this does not hold, only the two long-term support lines at 0.00005110 and 0.00003166 are interesting again.
Let's see what happens. Happy trading. :-)
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as expected. next support line ahead ...
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as expected. support line reached. be watchful.
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strong resistance. next move depends on btc trend. if we see more down at btc, we ll see much more down at all alts. a down to 3877 is possible. be watchful. if the resistance break and be retested, than more up could be safe.
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touch down maybe happened.
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as expected. if we break this heavy support line 1500 sats possible.