CryptoColugo

XRPUSD - The last shake out.

Long
Everybody is tired of XRP and sold it, that’s why I’m interested.
When no sellers are left, the buyers step in.

This final wick liquidated a lot of leveraged longs. It’s sad the market behave like this.

We are still above major support and we did brake an important trendline, a trendline that is created years ago.

There is not much room left in this chart to see a big move.

I expect a move towards 0.80 in the near future.

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.