XRP Technical Analysis

How will Ripple case affects the XRP price?

xrp

How will Ripple case affects the XRP price? Follow the latest DailyCoin video for the XRP technical analysis.

Most Likely Scenario: Bullish

  • Higher Highs & Lows.
  • Bullish Flag formation.
  • A break of 0.7000 USDT level to the upside confirms the bullish movement.

Least Likely Scenario: Bearish

  • Breaks & closes below 0.4885 USDT level will invalid our bullish scenario.
  • Bearish flag formation.
  • Break and close below the 0.3630 USDT level. The price might reverse.
  • Double top formation

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia