Hello traders, Here's a quick update on XRPUSD daily time-frame. The chart is very similar to the BTCUSD. We've broken above the descending trend-line, which resulted with an explosion toward the 0.32 level which is acting as a pretty good resistance level. Now, with BTC dominance just above 67%, and with XRP exploding while BTC melted towards 9700 - could indicate that we can anticipate some shift of the investments from btc to the alts prior thus alts could start seeing some momentum while btc takes a dive. But that's all a hearsay without the technical analysis backing it.
So, for the XRP on the daily we broke above the trend-line, came back to retest it and rejected it. So we've to focus mainly on two levels, the .29 baseline, which is a strong support level,we could break below this level that can take us back to the 0.27-0.28 to retest the trend line but as as long as we close above this one, we are fine. a close below the trendline will take us back to 25 cents. And the second key level as mentioned - the .32 resistance, if the momentum sustains we could be consolidating in between these levels, trying to breach higher and .32 will act as a strong support, a break above will take us to .34-.35.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.