The strongest historical support for XRP/USD has been between 0.16 - 0.25. I think XRP revisits this zone again before the next bull cycle, which I believe begins after the next BTC halving in mid-2024 (see BTC chart attached to this one).
If we see XRP in the green accumulation zone, it's probably a good place to buy, but keep in mind that the price may crab in that zone for months on end. It crabbed in this zone for close to 400 days in 2019-2020 before finally breaking out. It may do so again.
- If XRP closes BELOW that historic support level, that means there's probably a major problem.
- If price wicks below the support zone but closes back inside the level, that's a bullish sign.
If you like my charts and want to support my work, then please use my referral code to GMX. It's a decentralized exchange. In light of recent events, it's probably the safest place to trade with leverage.
app.gmx.io/
If we see XRP in the green accumulation zone, it's probably a good place to buy, but keep in mind that the price may crab in that zone for months on end. It crabbed in this zone for close to 400 days in 2019-2020 before finally breaking out. It may do so again.
- If XRP closes BELOW that historic support level, that means there's probably a major problem.
- If price wicks below the support zone but closes back inside the level, that's a bullish sign.
If you like my charts and want to support my work, then please use my referral code to GMX. It's a decentralized exchange. In light of recent events, it's probably the safest place to trade with leverage.
app.gmx.io/
