Steady climbs over the past couple days after a week full of negative community chatter, but the sudden drop isn't following any TA or news that I can find. At the moment, it's breaking down through soft support around 16300 sats, but trying to recover over the line at the same time. We'll be looking at a convergence around 16300 in the next 5 hours, which will give us a better idea of whether Ripple finds its feet again and takes us up around the 17500 mark, or if it continues to fall down around the 13500-14000 area over the next 24 hours.
Watch for breakout or breakdown around 16300.
Breakout Scenario:
Target 1: 17500
Target 2: 19400
Breakdown Scenario:
Stop Loss: 14200
Re-entry: 12700-13500
Watch for breakout or breakdown around 16300.
Breakout Scenario:
Target 1: 17500
Target 2: 19400
Breakdown Scenario:
Stop Loss: 14200
Re-entry: 12700-13500
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.