Important level for Xrp
The Xrp token has witnessed a nice run up from 30c to where it currently is now. At the time of writing Xrp seems to be getting rejected from the downward sloping trendline acting as resistance that can be seen on the chart that Xrp has respected on multiple occasions in the past starting from Oct 22.
If Xrp fails to break out of this sloping trendline then this in my opinion carries a higher probability of lower prices for the token, possibly testing the major support area which is the upwards trendline that Xrp has also repeatedly found support from going all the way back to July 22
Trade smart
If Xrp fails to break out of this sloping trendline then this in my opinion carries a higher probability of lower prices for the token, possibly testing the major support area which is the upwards trendline that Xrp has also repeatedly found support from going all the way back to July 22
Trade smart
הערה
Despite Xrp being rejected on multiple occasions in the past by the sloping trendline (major resistance), bulls have now managed to break through the trendline resistance at the time of writing. Still too early to say but if Xrp can remain above and get a daily close above the trendline than this area can possibly act as a major support which is at the 40c zone.
Trade safe
כתב ויתור
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