MaxHodler

Be careful, XRP go west !

Kort
MaxHodler Uppdaterad   
BINANCE:XRPBTC   Ripple / Bitcoin
After a multitude of rejections on its historical bearish trendline:

here XRP on its BTC pair has just broken down its historical horizontal support!

A bloodbath in perspective as all the altcoins...

The Bitcoin's pump and the announcement of Libra have surely cleaned up the last blows club!
Handel aktiv:
4000 -> 2500 Sats !
Handel aktiv:
Stagnation for a month at 2500 Sats, with exit of the bearish trend line in red on my graph by ... range!

Nevertheless, there is a secondary bearish trend line that should not be zapped:


And especially the lack of fundamentals of increasing monetization of the token
... that could be summarized to (for XRP and more than 2000 other cryptos):

"a very USEFUL & USED token does not necessarily mean a valuation of the token, especially to supply almost unlimited"
Kommentera:
THE RESULT IS FRANCKY IMPRESSIVE !

The price of XRP never went back above my resistance of 4054 Satoshis.

Even the recent Pump & Dump of November 2020 has been rejected by this now historic resistance.

Worse, this year 2020 is marked by a Ripple and its XRP sued by the SEC, for a dispute of $ 1.3 billion, formalized yesterday. It is so no surprise.
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