XRP/USDT (Retest 50W MA Support)

💎Technical Analysis Summary💎



BINANCE: XRPUSDT


-XRP hit the strong weekly resistance area which is a good profit-taking zone
-We saw rejections for a few weeks then after bad news came out
-The price sharply drop back to its 50W MA support with the confluence of the previous trading level
-If XRP can hold this current price for at least 1-2 weeks
-And BTC don't dump after, I think this coin has a good chance of a relief bounce
-For now, the market is full of uncertainty and no sign of strength yet
-I don't recommend buying yet, please wait for any sign of a reversal in the lower time frames
-Happy trading and a Merry Christmas to all :)



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