XRP Get Ready For Another Low

in xrp •  2 years ago 

XRPUSD is sitting at important 0.33-0.34 support for the last few weeks, which more and more looks like a triangle formation within a downtrend if we consider that price came down quite sharply after breaking the October supports at 0.4217. So as long this level holds there is no overlap meaning that drop from 0.55 can be an even ongoing impulse with a new leg down coming into wave five of (3). A drop below 0.33 can make a room for new low fast, towards 0.25. If from any reason price comes back above 0.42 then whole price action from June lows will be corrective still, but just more complex.
XRPUSD DEC 29 2022 4H.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!