Cryptocurrency Coins

Market re-watch: XRP remain afloat, while BTC and ETH draws back -1 to -4%

For past weeks, Bitcoin and other Altcoins have been expotentially rallying up to more than +50% since the trend went down and resists its final bottom on july 20, 2021 at the price of 29.6k USD per BTC, same thing goes to other coins. But it seems it is now stuck at recently after hitting the all time high since the dump at 48k where it gives a little draw back of where it fell below 46k USD.

most coins followed including Ether from the draw back, while XRP steadily afloat from where it hit at 1.32 USD, XRP’s newest all time high since the dump.

Many have speculated that it will continue to rise, that it will tap at 1.4 USD this upcoming few days, while some says it will eventually fell short at below 1.2 USD (1.04 lowest Resistance), and gradually follow BTC trend and ETH in Long position.

image from coinmarketcap.com viewed as Tradingview

Expect a Pull Down

As it shows a 12 O’clock, or a standing bullish trend, there is a great chance of XRP’s draw back anytime or after tapping 1.4 USD.

If you are currently HODL XRP, some crypto trader analysts suggest to put a sell at 1.4 and buy back at 1.04 to 1.2USD.

If you are planning to buy XRP for future HODL, it is advisable to place an order below 1.2 USD to 1.02(atleast).

In the image above shows a higher chance of having a resistance at 1.02 USD correlating to the previous Higher Low, Lower Highs, and Higher Highs from the chart given in the tradingview chart.

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