리플

Ripple - XRP crashes almost 40% since its recent top

960
In a wild route, XRP fell more than 27% yesterday (down approximately 40% from the recent top). On its way down, it broke below significant support levels and fulfilled our prophecies about the unsustainable rally. The price made a new low at 0.33604$ before reversing above 0.40$ and back to the 0.36$ handle. We remain bearish and maintain our short-term (0.30$) and medium-term (0.28$) price targets.

Illustration 1.01
스냅샷
The illustration above displays the daily chart of XRPUSD and its decline from the recent top to the most recent low.

Technical analysis - daily time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.

Illustration 1.02
스냅샷
Illustration 1.02 shows the daily chart of XRPUSD, and yellow arrows indicate the latest technical developments.

Technical analysis - weekly time frame
RSI, MACD, and Stochastic turned bearish. DM+ and DM- turned bearish as well. Overall, the weekly time frame is bearish.

Please feel free to express your ideas and thoughts in the comment section.

DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.