In our last breakdown of XRP, we stated that the top would be capped at 0.185$ but we created highs of 0.20$. None the less, we also pointed out that at that point, we would see a reversal to 0.15% and even lower.
Now, we will conduct another breakdown of XRP to re-assess the situation with XRP currently trading at 0.1837$
- We can see that XRP will see bearish price action continue to the 0.1469$ level.
- Key level of support to break for confirmation to short to this level is 0.177$.
- If the 0.1469$ level is broken then we will tumble to 0.13$ and even more so to 0.10$ with final buy zone at 0.065$ for XRP.
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