XRP will make a strong move next week
XRP has entered a downtrend since mid-June 2019. XRP stopped falling when he reached all-time support and kept moving sideways by 4 weeks.
This local support coincides with the universal support establish in mid-August 2018, stop price falling and might make price reversal next week.
If this support can't hold the price, XRP will make a new all-time low this month, due to panic massive sell-off.
From Fibonacci retracement drawing, one can expect the next target for XRPUSDT in case of universal support that will be broken is about $0.17 - $0.18.
In the bullish case, the first XRPUSDT target will be MA50, then next targets will be Fibonacci levels.
XRP has entered a downtrend since mid-June 2019. XRP stopped falling when he reached all-time support and kept moving sideways by 4 weeks.
This local support coincides with the universal support establish in mid-August 2018, stop price falling and might make price reversal next week.
If this support can't hold the price, XRP will make a new all-time low this month, due to panic massive sell-off.
From Fibonacci retracement drawing, one can expect the next target for XRPUSDT in case of universal support that will be broken is about $0.17 - $0.18.
In the bullish case, the first XRPUSDT target will be MA50, then next targets will be Fibonacci levels.
Comment:
XRPUSDT makes a strong move today, with a 20% pump.
Trade closed: target reached:
XRP did make a pump, then a dump followed BTC.