Stewdamus' Chart Analysis & Trade Alerts

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XRP tagged my .585 cents level exactly! Now what?

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XRP tagged my .585 cents level exactly! Now what?

#xrp #xrpusd #ripple #altcoins

stewdamus
Mar 29, 2023
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Traders,

Ripple ripping!

Sooner than expected but the price actually wicked up and tagged my 58.5 cents precisely! It always amazes me every time when these technicals play out. I just wish I could be better with the timing.

Anywho, now that the price has met the earlier target that I had call for, what can we expect from ripple?

TBH, I am not quite sure. I'd love to see us come back down and tag either that 50 day ma or, preferably, the 200. But we have a lot of support now on the underside of price. At this point, unless BTC leads the way with a more pronounced drawback, I don't know if we'll get there. If we do, you can be sure I'll be re-entering trades at that point.

As always, stay tuned.

Stew


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