XRPShort
XRP bull trap in bound!
CryptoAST XRP USD Breakdown
With XRP trading @ 0.20$, we stated that there was maximum upward potential to 0.22$ and we had only made highs of 0.207$.
Now, we will conduct another breakdown of XRP to re-assess the situation with ETH currently trading at 0.1943$:
- On the daily, we can see that we are at a support point, with BTC sure to test highs of 9,000-8,900$. This will lead to XRP making highs of 0.20$ or sightly higher.
- On the 4 hourly, we can see XRP is bullish momentarily to the 0.20$ level before bearish price action to the 0.175$ level. IF this level is broken, then we will head to the 0.16$ price level and final straws of support lay at 0.15$ or else a collapse to the 0.12$ level is inbound.
- On the hourly, again we can see EMA at just under the 0.20$ level and it would be expected that we ascend to this price level before descending to lows in line with the rest of the market and following BTC footsteps.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
With XRP trading @ 0.20$, we stated that there was maximum upward potential to 0.22$ and we had only made highs of 0.207$.
Now, we will conduct another breakdown of XRP to re-assess the situation with ETH currently trading at 0.1943$:
- On the daily, we can see that we are at a support point, with BTC sure to test highs of 9,000-8,900$. This will lead to XRP making highs of 0.20$ or sightly higher.
- On the 4 hourly, we can see XRP is bullish momentarily to the 0.20$ level before bearish price action to the 0.175$ level. IF this level is broken, then we will head to the 0.16$ price level and final straws of support lay at 0.15$ or else a collapse to the 0.12$ level is inbound.
- On the hourly, again we can see EMA at just under the 0.20$ level and it would be expected that we ascend to this price level before descending to lows in line with the rest of the market and following BTC footsteps.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
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