Ripple is dropping by thecryptohouse1

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· @thecryptohouse1 · (edited)
$1.04
Ripple is dropping
<h1>XRP\USD price analysis </h1>

For the first time in 2018, Ripple is sitting below $0.425 (Bitfinex)! 
At the moment it seems to be looking for a bottom with a huge sale pressure! 
For the long-term it can be a nice opportunity but certainly dangerous one. 
  Based on technical analysis (pure), the next stop is: $0.30. 

<center>![ripple down.png](https://cdn.steemitimages.com/DQmQXMmQZVfTkU7XXYV3uwQwFf7Z5stc9gL7XFJVZEhefr1/ripple%20down.png)</center>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 379 others
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vote details (443)
@henlyfulton ·
OMG.....I picked it at $0.9   \=
πŸ‘  
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@codysamuelson ·
you have the spirit of a true hodler, sorry for your loss
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@donaldkeifer ·
could be insiders dumping before big negative news ?
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@ianbuza ·
possibly competition in the crowded stable-coin market, every retard can hold a chest of USD and mint a crypto cupon on top, so fundamentals aren't good for the coin I think
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@cryptoric25 ·
the power of the pump I guess, I get(sort of) why people wanted to get it back in 15-16 when it was only XRP and tether, thing is tether actually has a use case as a go between in the exchanges when ripple does not
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@cryptomilo ·
nice catch, short squeeze might be coming for the coin though, whales love this kind of things usually
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@hasenmann ·
As I do my own chartanalysis on stocks....
How do you get to the next support at about 30ct?
Could you show me the big picture where your support is visible?
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@thecryptohouse1 ·
Here you go, we're almost there (= 

<strong>XRP\USD: Daily</strong>
![xrpxrp.PNG](https://cdn.steemitimages.com/DQmPVwboce6UAkgdrzvyWh2CW26zoAdZgL6oJmNRunSr2Qo/xrpxrp.PNG)

<strong>XRP/USD: Weekly</strong>
![xrpxrpxrp.PNG](https://cdn.steemitimages.com/DQmafwFpdryJ7J3YwULPegjupKQCJvyLd7GQxELWRJdF9f4/xrpxrpxrp.PNG)
πŸ‘  
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@hasenmann ·
Thank you! That makes sense!
ThatΒ΄s what I wanted to see.

I do not trade directly with support and resistance. But sometimes I do use them to assist my trade setups.
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@zaku ·
$1.32
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