XRP' is still following the path of this bear flag. It has found some support around the 0.345, similar to the 3800 of Bitcoin'. If these break we can see another wave down. I have added this decending trend line from the highs, showing a possible triangle. If that breaks on the upside, we could see a move towards the 0.365 or even 0.375. If we get above the last one, the big bear flag might even be invalidated. Volume is still low, so there is no dumping yet. If support breaks and we start to higher volume dumping, we could see a big drop happening.
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Kommentar
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Always check my bitcoin analysis to be more up to date, I post much more update on the market there
Kommentar
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The panic dumping has started but i don't see any panic volume yet. So this could just simply continue to drop. I would recommend though, to take some profit here if you have shorted it from the highs. Bears are in full control, but a squeeze could happen at any given moment
@rev214us, I would love to buy at that number. It seems that XRP isn't really responding much to BTC crashes, only when BTC has major crashes that scare everyone did XRP slip. I'm not sure how I feel about XRP following BTC in the near future.
kardia
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@c3tr4, There has been talk that XRP may take the #1 spot. It will be interesting to see if that happens.
c3tr4
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@rev214us, As time moves along, the possibility of XRP hitting 20 cents or maybe lower is starting to look more realistic, was at 29 cents today... More BTC crash still to be had until they get their 1-2kish call more than likely I think. BTC just dragging XRP and the entire market down due to manipulation.
botje11
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@rev214us, probably many more yes :)
DennisKorol
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@rev214us, Well probably get there soon
edonymeri6
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should i go long? for short term?
botje11
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@edonymeri6, I don't do long term, i believe everyone who has been listening to people here for the long term, have been loosing mostly. I just try to catch waves up and down