🧊 XRP QUICK READ 🧊
🧊 Things are a bit chilly as we continue to deal with this descending channel that XRP's gotten pulled into. I haven't added any new markings at all. I simply extended the original descending channel that we had in the last idea I marked up so stuff is still matching up to the marks.
🧊 That being said XRP has managed to keep above 0.45 cents the past month so we have that to note as a critical support regardless of what happens the next few hours and days. As we noted already any markings I have that we fall below or above will either act as a support or resistance and now 0.47420 is proving to be our current resistance with 0.485 following up above. And again none of these horizontal markings are new at all.
🧊 Stuff's been a bit chilly and we've lost our 200 EMA but something good to keep in mind as always is. While we will always lose the 200 EMA at one point or another, we'll always regain it at another. May not be the most perfect saying but even on days like this you have to sit tight and believe in yourself. XRP has a lot to come no doubt. And BlackRock's file for a Bitcoin spot ETF as of 16 hours ago may not be much, but knowing Blackrock and crypto, it'll definitely have some impact on crypto as a whole.
🧊 Didn't want to keep this too long since it's just an extension of our descending channel though here's the one minute chart below to show things a bit better:
https://www.tradingview.com/x/HaN8nDAW/
🧊 Have to attend to some things but that's the quick read for today. Hope you guys enjoy and if you'd like to leave a like or follow it'd be much appreciated as always, really does help out a lot.
~ Rock '
🧊 That being said XRP has managed to keep above 0.45 cents the past month so we have that to note as a critical support regardless of what happens the next few hours and days. As we noted already any markings I have that we fall below or above will either act as a support or resistance and now 0.47420 is proving to be our current resistance with 0.485 following up above. And again none of these horizontal markings are new at all.
🧊 Stuff's been a bit chilly and we've lost our 200 EMA but something good to keep in mind as always is. While we will always lose the 200 EMA at one point or another, we'll always regain it at another. May not be the most perfect saying but even on days like this you have to sit tight and believe in yourself. XRP has a lot to come no doubt. And BlackRock's file for a Bitcoin spot ETF as of 16 hours ago may not be much, but knowing Blackrock and crypto, it'll definitely have some impact on crypto as a whole.
🧊 Didn't want to keep this too long since it's just an extension of our descending channel though here's the one minute chart below to show things a bit better:
https://www.tradingview.com/x/HaN8nDAW/
🧊 Have to attend to some things but that's the quick read for today. Hope you guys enjoy and if you'd like to leave a like or follow it'd be much appreciated as always, really does help out a lot.
~ Rock '
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