After reaching almost 2 firgure, XrpUsd started to roll back, with acceleration on last Sunday's crypto drop.
The last few days found the cryptocurrency trading in a congestion/consolidation pattern which gives us reasons to think continuation.
At this point, we are trading at 1.29, just above important confluence support that lies around 1.25
A new wave of selling in the crypto market could lead to a break here and the next target for Ripple is 0.8 zone
1usd zone is also an important support
I'm looking to sell
The last few days found the cryptocurrency trading in a congestion/consolidation pattern which gives us reasons to think continuation.
At this point, we are trading at 1.29, just above important confluence support that lies around 1.25
A new wave of selling in the crypto market could lead to a break here and the next target for Ripple is 0.8 zone
1usd zone is also an important support
I'm looking to sell
Trade closed: target reached
Ripple under 1usd
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.