Hello dear crypto friends!
XRP has just broken the 30 cents psychological to the downside.
We are hugely oversold already on all timeframes up to the 4H.
For the case we break down further, we have 2 major areas, where we can expect a bounce from the bulls at the latest (marked with the orange boxes):
Previous Weekly Support at 28,5-29
Summer Lows at 25 psychological.
If you are short in this play, we have clear 4H Lower Highs at 31,7 cents: You should be very comfortable in your position.
Always check correlation to grandpa BTC
& the major Alts.
Also check out the 'Ripple Macro Analysis' for the further play linked underneath, if you haven't seen it yet.
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I wish you a good trading! :)
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