📉 $XRP has hit rock bottom again: what next?
How awful! $XRP has fallen to $1,2386. The price broke below the lower Bollinger Band and plunged through key support at 1,2988; we're even testing the previous low of 1,2002. Look at the chart: all the EMAs have crossed bearishly, and MACD is negative. RSI6 is deep in oversold territory (25,5), so a bounce is possible, but the overall trend is awful.
Is it time to jump in during the panic, or is it better to sit on the sidelines in cash for now?
#xrp #Ripple #CryptoAnalysis #TradingView
How awful! $XRP has fallen to $1,2386. The price broke below the lower Bollinger Band and plunged through key support at 1,2988; we're even testing the previous low of 1,2002. Look at the chart: all the EMAs have crossed bearishly, and MACD is negative. RSI6 is deep in oversold territory (25,5), so a bounce is possible, but the overall trend is awful.
Is it time to jump in during the panic, or is it better to sit on the sidelines in cash for now?
#xrp #Ripple #CryptoAnalysis #TradingView
