0.30 is a critical level for XRP as it remained as a support for one year from August 2018 to July 2019 and then acted as a resistance from August 2019 to July 2020 as shown in the chart above.
Can XRP break the resistance now? Let's see what happens but XRP has smashed other resistances and appears to be in a mood to go up to 0.70 as mentioned in my idea below. However, it can also correct around this level to gain some further momentum.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Can XRP break the resistance now? Let's see what happens but XRP has smashed other resistances and appears to be in a mood to go up to 0.70 as mentioned in my idea below. However, it can also correct around this level to gain some further momentum.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Comment:
Comment:
Looks good technically as long as it can remain above 30 cents. My only concern is that it may just have completed wave B of the ABC correction and C wave may now be unfolding in a five wave pattern which could go below the low of wave A.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Comment:
XRP has moved below the line in the sand. It is possible that C wave of the ABC correction is unfolding as I suspected previously (see above). XRP could go down to 0.24 if this plays out.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Comment:
Looks like XRP has regained control of the 30 cent level. Let's see if the support continues to hold.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
