Xrp on its way down, prepare yourselves to buy.
From the diagram above (Xrp/Btc chart) xrp’s all time high was at 22048 sat and all time low at 454 sat.
Before getting into any Xrp trade I prefer taking an analysis of Xrp/btc pair. Using a larger time frame you are able to have a clearer insight of what is likely to happen on Xrp price against all other markets since bitcoin is the dominant cryptocurrency and against bitcoin the dominant market.
Xrp's entry point should be at its all-time low 454 - 2465 satoshi Entry
Xrp’s exit point should be at its all-time high at 16022-22048 satoshi
This zones are points which has been touched twice so far. As a trader with a lot of patience you should make it your habit to enter and exit the markets at points which you have identified as your entry points. It is also necessary to pay attention to other major support and resistance zones. For example from the chart above at 3718 -7129 satoshi.
Against the dollar (usd) or tether (usdt) xrp might reach new aths but against btc it will be very difficult to break its aths.
Before getting into any Xrp trade I prefer taking an analysis of Xrp/btc pair. Using a larger time frame you are able to have a clearer insight of what is likely to happen on Xrp price against all other markets since bitcoin is the dominant cryptocurrency and against bitcoin the dominant market.
Xrp's entry point should be at its all-time low 454 - 2465 satoshi Entry
Xrp’s exit point should be at its all-time high at 16022-22048 satoshi
This zones are points which has been touched twice so far. As a trader with a lot of patience you should make it your habit to enter and exit the markets at points which you have identified as your entry points. It is also necessary to pay attention to other major support and resistance zones. For example from the chart above at 3718 -7129 satoshi.
Against the dollar (usd) or tether (usdt) xrp might reach new aths but against btc it will be very difficult to break its aths.
Penafian
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