Post
Topic
Board Altcoin Discussion
Topic OP
XRP: Time for bears?
by
_Cryptobomb_
on 10/01/2019, 13:12:16 UTC
If to look at XRP price momentum now, there is a net 6.5% loss in USD value and a 0.5% drop in BTC value. We will see how it will be evolving in next few hours, as as it still dropping, not the biggest drop expected though. Keep an eye on that.
It is equally important to know what is going on behind the scenes on media and consider the world crypto drop-off.

XRP/USD is trading at $0.354 right now, down 6.5% since the beginning of Thursday. There is some terms of support levels below the current price. The bears targeting $0.3250 area. The initial support was located on the approach to $0.3500 with 38.2% Fibo retracement monthly and Pivot Point Weekly Support 3 spotted around that area. We need a sustainable move to clear the way towards ultimate resistance at $0.04000, provided that we will manage to pass through an intermediate hurdle at $0.3750.

What are you guys doing now with your XRPs?

Trade with extreme caution and on your own risks.