đ„đ„$XRP TECHNICAL ANALYSISđ„đ„
đEveryone's hype coin is now become $XRP .
đSo, retails traders are now commiting to buy XRP and praying the price to go up. Let's see if that tallys with the market makers decisions.
đSo, the market dipped below the demand area and got rejected.
đBut the volume is on average to low side. This can either match with the price action because there was no strong down trend to begi with.So, the effort needed to stop the downward move is less.
đBut after rejection, the follow up price action is less forming a doji candle. The volume is also on the very low side.
đSo, this means that buyers are not yet commited to push the price up as everyone is expecting.
đThere will be a rise in price of coin. But not as soon as everone is expecting. Just like everyone is hoping $BTC to fall but it is rising.
đSo, most probably price will revisit the demand area or even go down beyond it to make retail traders sell their assests in fear of loosing their value even more or make new retails sellers trap in bad trades.
đIf there are signs of strength apper, we can assume the price will just rise. So, there is still no such move to confirm the price will rise a lot.
Follow..Like..Share..
Comment your thoughts..
đđTip if you find any sense out of this information..Helps me a lot..