XRP also made a downward move as predicted on NOV 2. Now there is a higher probability for a move to the previous resistance level in the coming weeks.
There is a higher probability that the price may test the previous lows in the coming months if no other fundamental catalyst is involved. Then there may be a price surge to about 50 % before making any further corrections.
XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
XRP is going to test its previous lows which is an area of major support.
This level was reached two times in the previous months.
This level was formed on the second week of December 2018 and was tested initially on last week on January 2019.
If this support couldn't hold then the market will further go down to the support formed on the second week of August...
oscillators macd above 80 ready for the drop and its had a breakout of the 100 fibonaci retract=ment level so bears are ready for a game after the bulls wipe the plug out .at writing this post ripple has crossed eth with xrp at 22.2 billion and eth at 22 billion so lets wait for a confirmation for this trade to initiate
triangular formation with increasing higher lowes increases the chances of a negative breakout just a possible analisis if it take the other direction you can hope for something approximately around a dollar but wait for the conformation if its a breakout up or down have a nice day
