Ripple (XRP) upside potetial

in #trading6 years ago

Ripple (XRP/BTC) has found some support on the daily chart around the 7000 area. If this support area does not hold, I expect price to collapse even further.

On the hourly chart price has made a small rally yesterday and is now coming back to the support area. I expect buyers to show up again and start pushing price higher at least up to the first resistance area around 8000 and possibly even higher.

Good luck.

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Thanks for the readings about Ripple XPR. What baffle me is that, I don't seem to understand how traders use charts to predict/forecast cryptocurrency prices, I hope I get it one day.

Have you heard about the Blockchain summit coming up on Nov 1st and 2nd at Malta Blockchain Island? Read this post for deatils https://steemit.com/digitex/@horpey/fzftbti-digitex-will-unveil-its-zero-fees-exchange-at-malta-blockchain-island.

Technical analysis is the only tool to help you adequately define the risk and reward of a trade, in my opinion.