XRP → ATH retest. Reversal or continued growth?

17 Jul

XRPUSDT.P is rallying and ready to test the resistance zone - ATH. Against this backdrop, Bitcoin is consolidating after a bull run. The liquidity pool may hold back growth.



Fundamentally, there is excitement across the entire cryptocurrency market. Altcoins are rallying after Bitcoin hit a new high and entered consolidation. The BTC.D index is declining, which generally provides a good opportunity for altcoins to grow. However, the index is approaching technical support, which may affect market sentiment overall...



As for XRP, there is a fairly strong liquidity pool ahead — the ATH resistance zone. The price is in a distribution phase after a change in character and a breakout of the downtrend resistance in the 2.33 zone. The momentum may exhaust its potential to break through the 3.35-3.34 zone, and growth may be halted for correction or reversal (in correlation with Bitcoin's dominance in the market).

Resistance levels: 3.35-3.40
Support levels: 3.0, 2.64

A breakout of resistance without the possibility of further growth, a return of the price below the level (i.e., inside the global flat) will confirm the fact of a false breakout of resistance, which may trigger a correction or even a reversal.

Best regards, R. Linda!

19 Jul

Dagangan aktif

Growth has temporarily stalled. The price is testing resistance at 3.4043 (ATH).
A return below this level and consolidation below resistance will confirm that there is no possibility of further growth. This could trigger a correction.

25 Jul

Dagangan ditutup: sasaran tercapai