Make or Break for XRP
XRP Daily Chart
Investors' are being wary, weighing-in which key level will price target.
Key Resistance Level at $3 and Key Support Level at $2.
A breakout from $3 will easily sweep the 3.4 level and make a NATH possibly targeting the $4 zone whilst a breakdown from $2 will send price on the next zone around 1.40 to fill gaps and mitigate OB.
Massive liquidations but also massive order triggers which resulted on a price rebound. This puts a neutral sentiment on price which is why we see a sideways movement for now. A breakdown is more critical since all retailers whose orders got filled around $2 will surely be eyeing a breakeven if ever price will return to this zone leaving only a few buy orders on this area and a wide sell-off at breakeven.
Investors' are being wary, weighing-in which key level will price target.
Key Resistance Level at $3 and Key Support Level at $2.
A breakout from $3 will easily sweep the 3.4 level and make a NATH possibly targeting the $4 zone whilst a breakdown from $2 will send price on the next zone around 1.40 to fill gaps and mitigate OB.
Massive liquidations but also massive order triggers which resulted on a price rebound. This puts a neutral sentiment on price which is why we see a sideways movement for now. A breakdown is more critical since all retailers whose orders got filled around $2 will surely be eyeing a breakeven if ever price will return to this zone leaving only a few buy orders on this area and a wide sell-off at breakeven.
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