XRPUSD Ripple- Buy opportunity at a break below 1.10 levels
The last couple of days Ripple has been recovering after the recent cryptocrash, Ripple desynchronised a little from bitcoin, as the previous ratio was around 1:1000. After breaking through the yellow channel/trendline, price surged up to 1.70 and ended it's correction there. I expected Ripple to find resistance around 1.80 levels, but it lacked buying volume and therefore wasn't able to gain enough momentum and break through. Therefore, we are currently producing a flat which has Bearish outlooks. Expect Ripple to reach a break around 1.20 levels, either to lower or upper side! With a buy opportunity around 1.10, if it fails to drop even further through 1.00 support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.