XRP Still Has a Very Bullish Market Structure as P
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 XRP Still Has a Very Bullish Market Structure as Price Finds Support Around Major 2021 LevelThe current XRP downtrend may have lasted for a long time, but it still maintains a bullish long-term structure and could rebound considerably soon.
At the time of writing, XRP trades at $1.13. Barely one year ago, the coin made a new all-time high of $3.66, breaking its over 7-year peak price. Now, the 69% correction from that peak to the current level comes amid a prolonged price downtrend that has plagued the entire crypto market.
The Broader XRP Structure Still Bullish
If the month closes as it stands, XRP would have dropped in 8 of the last 9 months, with the exception being the mild 2% increase recorded in April. This clearly reflects the current state of the market and how bears have dominated proceedings for a long time.
Tüm Yorumlar0En yeniPopüler