XRP - 3h. Buyers are preparing for the test of $0.6

17 feb 2021

Earlier this month, the XRP market looked awful. After the collapse of the price from $0.76 to $ 0.34, many predicted a bad future for this coin. However, in our three previous ideas, we clearly showed the prospect of coin growth and worked out our scenarios.

It's time for the next short-term idea. At the moment, the wave of growth has been going on since the beginning of February. Buyers managed to keep the global trend line. XRP price correction takes place in the local black channel.

The previous update of the local low ended above the lower trend line of the black channel. If buyers do not allow this time to update the local low - it will be a signal of depletion of sellers. We expect a sharp wave of growth to $0.6.

The critical point of this scenario is $0.51. If sellers manage to break this mark, the price of XRP will fall to $0.44 again
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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