Ripple Reality Check
Diupdate
XRP might just be the best Blockchain project fundamentally, but the price action suggests otherwise. During our weekly Long term chart analysis, we reached the conclusion that BTC might just outperform XRP by leaps and bounds and we certainly don't leave our followers in the dark. Below are some worrying observations that we made looking at XRPBTC Weekly chart:
- Price has broken below the crucial support levels between ~4000 - ~3500 sats
- OBV (On-balance-volume) shows increased selling interest as the price drops down
- Struggling pretty hard with the weekly 10EMA :'(
- ~1600 - ~2200 sats is the upcoming area of interest - still leaving a huge downside room of ~25% - ~40% (let's call it a falling knife, shall we?)
And finally why bother with XRP when one could just buy into much better investments such as; BNB, ATOM, ALGO, and LINK to name a few.
- Price has broken below the crucial support levels between ~4000 - ~3500 sats
- OBV (On-balance-volume) shows increased selling interest as the price drops down
- Struggling pretty hard with the weekly 10EMA :'(
- ~1600 - ~2200 sats is the upcoming area of interest - still leaving a huge downside room of ~25% - ~40% (let's call it a falling knife, shall we?)
And finally why bother with XRP when one could just buy into much better investments such as; BNB, ATOM, ALGO, and LINK to name a few.
Catatan
And it slides...Catatan
tradingview.com/chart/r5VR8FYc/And it plunges!
30% more to go before we reconsider out stance.
Catatan
We'll let the chart do the talking here. :)Catatan
We could be running into the buy zone soon!Catatan
BOOM. Did we not tell you guys? ;)
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