SR line at 2685 formed by year close and is very important for XRP bullishness. If price manage to stay above (and it has just recovered from recent 2.6% dip in just 40 minutes), good chances for another test of 2770 within nearest days. And when I look at 2770, I certainly assume breakout possibility here. EMAs are reversing at day timeframe and now price is above 21 EMA which is at 2672. This is bullish.
If fails and drop below 2680, XRP will retest 2600 support once again. That is for sure. Since overall trend is bearish really hard to be bullish for XRP unless you believe in its fundamentals (which I don't). And the fact alone it was so easily dumped also says that not all are ready to hold Ripple during BTC volatility times..
If fails and drop below 2680, XRP will retest 2600 support once again. That is for sure. Since overall trend is bearish really hard to be bullish for XRP unless you believe in its fundamentals (which I don't). And the fact alone it was so easily dumped also says that not all are ready to hold Ripple during BTC volatility times..
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