Ripple Reality Check
Cập nhật
XRP might just be the best Blockchain project fundamentally, but the price action suggests otherwise. During our weekly Long term chart analysis, we reached the conclusion that BTC might just outperform XRP by leaps and bounds and we certainly don't leave our followers in the dark. Below are some worrying observations that we made looking at XRPBTC Weekly chart:
- Price has broken below the crucial support levels between ~4000 - ~3500 sats
- OBV (On-balance-volume) shows increased selling interest as the price drops down
- Struggling pretty hard with the weekly 10EMA :'(
- ~1600 - ~2200 sats is the upcoming area of interest - still leaving a huge downside room of ~25% - ~40% (let's call it a falling knife, shall we?)
And finally why bother with XRP when one could just buy into much better investments such as; BNB, ATOM, ALGO, and LINK to name a few.
- Price has broken below the crucial support levels between ~4000 - ~3500 sats
- OBV (On-balance-volume) shows increased selling interest as the price drops down
- Struggling pretty hard with the weekly 10EMA :'(
- ~1600 - ~2200 sats is the upcoming area of interest - still leaving a huge downside room of ~25% - ~40% (let's call it a falling knife, shall we?)
And finally why bother with XRP when one could just buy into much better investments such as; BNB, ATOM, ALGO, and LINK to name a few.
Ghi chú
And it slides...Ghi chú
tradingview.com/chart/r5VR8FYc/And it plunges!
30% more to go before we reconsider out stance.
Ghi chú
We'll let the chart do the talking here. :)Ghi chú
We could be running into the buy zone soon!Ghi chú
BOOM. Did we not tell you guys? ;)
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