XRP has been on an extreme bullish run of late having been suppressed and failing to break the prior 80 cent psychological reason.
It's incredible run just fell short of 2 dollars and is now correcting expected. It is important to understand that the crypto market is one of the most volatile markets out there , so with crazy gains you can expect near equal corrections too.
We are sitting near a strong demand range and can expect buyers to do something here. If we are to receive a daily close below the range 1.30-1.45 I do expect price to drop near the 1 dollar region.
For now, if you are to zoom out , you can clearly see this correction is certainly needed to allow for the push back up to 2 dollars and potentially beyond.
Trade safe!!
Sunny Kumar
It's incredible run just fell short of 2 dollars and is now correcting expected. It is important to understand that the crypto market is one of the most volatile markets out there , so with crazy gains you can expect near equal corrections too.
We are sitting near a strong demand range and can expect buyers to do something here. If we are to receive a daily close below the range 1.30-1.45 I do expect price to drop near the 1 dollar region.
For now, if you are to zoom out , you can clearly see this correction is certainly needed to allow for the push back up to 2 dollars and potentially beyond.
Trade safe!!
Sunny Kumar
Comment:
Played out as predicted. Now sitting on an ever stronger demand zone between the range 0.8 - 1 dollars. Let's see what the market brings.