XRPShort
#XRP #Ripple #Analysis for next hours
Forming an inverted bullish triangle, which finds its base between the resistance line of $ 0.60, the probability of revisiting that resistance increases.
1. In the case of CONFIRMING a breakout of this resistance we could see how the price action triggers Ripple again, bouncing between $ 0.60 and $ 0.72.
2. If the price breaks down, we find the dynamic support of the 50 and 200 moving averages, which have made a cross with a BEARING signal, which would take us, if the break of this triangle is confirmed, a good point for fix profits.
Our sentiment is, if Bitcoin doesn't make a big move, Ripple could go down a bit before starting a new rally.
1. In the case of CONFIRMING a breakout of this resistance we could see how the price action triggers Ripple again, bouncing between $ 0.60 and $ 0.72.
2. If the price breaks down, we find the dynamic support of the 50 and 200 moving averages, which have made a cross with a BEARING signal, which would take us, if the break of this triangle is confirmed, a good point for fix profits.
Our sentiment is, if Bitcoin doesn't make a big move, Ripple could go down a bit before starting a new rally.
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