Ripple (XRP) May Give The Biggest Surprise To The Market | Look At This Big Bullish Reversal Move

By moon333 | moon333 | 28 Jan 2021


 

Hey friends, hope you are well, and welcome to the new update XRP coin.

 

Rejected by long-term resistance:

The priceline of XRP has been rejected by the $0.66 resistance and dropped at the $0.22 support level. These are the long-term support and resistance levels and can be seen on the weekly time period chart. It seems to be that the priceline has found a $0.22 level as very strong support as the price action did not break down these support levels even after the bad news and drastic drop.

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A big BAT and SMAs:

On the weekly time period chart, the price action of the XRP coin has also completed the final leg of the bullish BAT pattern and entered the potential reversal zone. There are also 50 and 100 simple moving averages as supports in this PRZ level. 

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Conclusion:

As the priceline of XRP coin has found powerful support at $0.22 and did not break down this support since Dec 2020, Therefore considering the $0.22 support as stop-loss if someone buys the XRP here then it can have a big potential in the coming days as it has also formed a big bullish reversal harmonic move.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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