XRP at its lowest, Next move. Is it the right time to enter ?
XRP is at its lowest since November 2017.
The main Support is around 2650 & 2500 Satoshi. If we consider Feb Retracement & Ichimoku indicator, all over situation looks bad for XRP.
But one good signal is only RSI, which is showing the coin is in oversold position which is around 20 and every time it bounce back from here sooner or later.
If we consider overall situation and risk & rewards from this point
Chances are if you enter at this point, you may lose upto 25 % - 50% of capital from here but if we consider a long term rewards price may go upto 4000 to 10000 satoshi and above means chances to get 50% to 400% returns from here.
For long run -
Resistance - 4000 5600 8419
Support - 2650 2500 1250
The main Support is around 2650 & 2500 Satoshi. If we consider Feb Retracement & Ichimoku indicator, all over situation looks bad for XRP.
But one good signal is only RSI, which is showing the coin is in oversold position which is around 20 and every time it bounce back from here sooner or later.
If we consider overall situation and risk & rewards from this point
Chances are if you enter at this point, you may lose upto 25 % - 50% of capital from here but if we consider a long term rewards price may go upto 4000 to 10000 satoshi and above means chances to get 50% to 400% returns from here.
For long run -
Resistance - 4000 5600 8419
Support - 2650 2500 1250