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an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
LIVEPROFIT_PILOT
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#XRP #XRPL $XRP
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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