XRP is one of the controversial crypto assets in the market specially for its centralized behaviour. But it is one of the most speculated assets by banks from crypto currencies so far. It was in a downward trend like most of the crypto assets. And it seems finally it started a reversal from its current bottom at 5423 sats. A falling wedge pattern is already on the make and if the price can close above the red resistance line which is the strongest resistance level around 6741 it will be most likely an elliottwaves creation for the following week. RSI at 47 and MACD is in a reversal behavioral change. Further it also got a good fundamental analysis result regarding their listing on CoinBase. Depending on the move of Bitcoin trading this asset might need a strict risk management and a partial buy order.
Entry Level : 5800 sats - 6150 sats
Stop Losss : 5300 sats
Possible Targets :
T1 : 6741 sats
T2 : 7556 sats
Mid/Long Term
T3 : 8225 sats
T4 : 8874 sats
T5 : 9813 sats
T6 : 11008 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Entry Level : 5800 sats - 6150 sats
Stop Losss : 5300 sats
Possible Targets :
T1 : 6741 sats
T2 : 7556 sats
Mid/Long Term
T3 : 8225 sats
T4 : 8874 sats
T5 : 9813 sats
T6 : 11008 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
