Bitcoin_Benny

XRP - Bearish Short Term

BITFINEX:XRPUSD   리플
XPR on the 8HR time frame has had candles close bellow the "Ascending lower trend line" breaking this symmetrical triangle. If the price falls and closes bellow the pivot level of $0.88 then it will start forming lower lows instead of higher high's pattern previously.

$0.82 is a crucial key level of support when zooming out & viewing other larger time frames. We must hold above this to remain bullish short term.

$1.05 is currently our key level of resistance that the price action struggled to break. If XRP can break this then the price will head back to $1.30.

-Consolidation within the price of XRP has been moving slow recently inside the symmetrical triangle. So it's more likely XRP will drop slightly lower to retest previous zones, then have a huge uptrend breakout; maintaining bullish long term 2021 :)
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