Hi Traders
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick update on altcoin XRP (the native cryptocurrency of cross-border payment facilitating company Ripple).
What we can see across the market, is that the price action is trading right underneath the resistance zone. As explained in the video above, there are two likely outcomes in this scenario.
In this video:
- Consider support zone / demand zone for XRP
- Consider resistance zone / supply zone for XRP
- Explore technical indicator Phoenix Ascending and Fibonacci Bollinger Bands
- Conclude two likely scenarios for the price action based on an analysis from the above
My Macro take on XRPBTC is still the same:
What are your thoughts on XRP?
_________________
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CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick update on altcoin XRP (the native cryptocurrency of cross-border payment facilitating company Ripple).
What we can see across the market, is that the price action is trading right underneath the resistance zone. As explained in the video above, there are two likely outcomes in this scenario.
In this video:
- Consider support zone / demand zone for XRP
- Consider resistance zone / supply zone for XRP
- Explore technical indicator Phoenix Ascending and Fibonacci Bollinger Bands
- Conclude two likely scenarios for the price action based on an analysis from the above
My Macro take on XRPBTC is still the same:
What are your thoughts on XRP?
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on cryptocurrency, stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
