XRP / TetherUSUpdated XRP will make a strong move next week
XRP will make a strong move next week
XRP has entered a downtrend since mid-June 2019. XRP stopped falling when he reached all-time support and kept moving sideways by 4 weeks.
This local support coincides with the universal support establish in mid-August 2018, stop price falling and might make price reversal next week.
If this support can't hold the price, XRP will make a new all-time low this month, due to panic massive sell-off.
From Fibonacci retracement drawing, one can expect the next target for XRPUSDT in case of universal support that will be broken is about $0.17 - $0.18.
In the bullish case, the first XRPUSDT target will be MA50, then next targets will be Fibonacci levels.
XRP has entered a downtrend since mid-June 2019. XRP stopped falling when he reached all-time support and kept moving sideways by 4 weeks.
This local support coincides with the universal support establish in mid-August 2018, stop price falling and might make price reversal next week.
If this support can't hold the price, XRP will make a new all-time low this month, due to panic massive sell-off.
From Fibonacci retracement drawing, one can expect the next target for XRPUSDT in case of universal support that will be broken is about $0.17 - $0.18.
In the bullish case, the first XRPUSDT target will be MA50, then next targets will be Fibonacci levels.
Note
XRPUSDT makes a strong move today, with a 20% pump.Trade closed: target reached
XRP did make a pump, then a dump followed BTC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.