Even though Ripple has been a recent failed trend trade, price and volume action near the range low indicates this maybe be a short term bottom. Price likes to make decisions (recersal or breakout) at extremes of ranges to hunt the most orders. All of the majors- Bitcoin, Litecoin, Ethereum are make major advances. Despite the recent bad news there may be an appetite in the market given the overall demand for the space... at least in the near term. If it falls below 17 cents then the reversal will be wrong and there may be a further breakout to the downside.
Stay Curious
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.
Stay Curious
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.