💥💥💥$XRP holders, pay attention!!!
XRP is about to fall to $0.5, is it worth buying now?
The market is so cold, will this wave of XRP rebound just go away? Also, can it rise to $1? XRP was trading well around $0.62, but suddenly it plummeted, and the adjustment came quickly and violently. Moreover, this adjustment also suppressed the previous 50% surge, and the rising wedge pattern was also broken.
From a trading perspective, XRP started to pull back before it touched the top of the descending wedge, which is not a good sign, and it may continue to fall. Moreover, XRP's closing price is not stable now, and the high point is being eroded bit by bit, and the bullish momentum has weakened a lot.
XRP has a market value of $30.74 billion and a 24-hour trading volume of $2.25 billion, but it has fallen by 42%. The trading volume is not strong during the pullback, so it is difficult to reverse.
However, the technical indicator MACD shows that XRP may still have a chance in the next few days, because MACD and the signal line have a positive crossover.
As for whether it can rise to $1, it is a bit difficult to see now. XRP fell from the high of $0.62, the bull market momentum was not maintained, and the supply pressure is getting bigger and bigger. Moreover, with two consecutive negative lines, the market sell-off sentiment is very strong.
Next, if XRP cannot hold $0.5, it may fall to $0.38; if it can rebound, it may first try the two highs of $0.62 and $0.72.
At this stage of the market, cut your losses, and you are a little unwilling. Hold it, and you are worried that it will continue to fall. Buy the bottom, and you are afraid of buying halfway up the mountain. If you don’t buy the bottom, you are afraid of missing the opportunity to get on the bus. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
