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Thursday, September 24, 2020

XRP price analysis : From a neutral point of view

XRP price analysis : From a neutral point of view


Xrp looks to have found a bottom at 21.95c but in this crypto market no one can accurately call out true tops and bottoms ,it's all bout speculation and whale action which decide prices.

Looking xrp from a bullish approach , it needs to be above 22.5cents to continue for the next move which can be anywhere between 47.5 to 60cents depending on the fomo
From a bearish approach , xrp looks to trade in a downward channel and it looks to decline more in prices towards the 20cents mark and in worse case scenary 17.5cents

From my own view : Xrp has hit the bottom and it will trade sideways for some time before making a bigger move ! A 30-40% correction is always seen after a big move in crypto assets and typically in xrp

Disclaimer : Do not buy any crypto with my advise ! Always do your own research before buying !

from Trading Ideas
via gqrds

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