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XRPUSDT Perpetual Contract
Short
Updated

Ripple(XRP): Will Take Some Time But That's What We See

577
We had a very sharp beginning to the week and a day, but we are aiming here for something like that movement.

We want to see more of a sideways movement and further breakdown from local support, resulting in a further movement to major support, of course!

Swallow Team
Note
snapshot

XRP has had a nice rejection from the upper side of the triangle formation (resulting in a small gain of 4% market price movement).

This is a good start to confirm our bigger picture
Note
snapshot

XRP went for that 100EMA, where it made 7% of market price movement. We see that it bounced off back from 100 EMA on the lower side of the triangle formation.

As mentioned, we might see some sideways movement here, but overall, we want to see a complete break in structure here.
Note
snapshot

Moved nicely to lower zones, resulting in an 18% market price move here!

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