XRP Forms Death Cross, but will it matter.

XRP today formed a death cross. A death cross is where the 50MA moves below the 200MA signaling a downward trend. Even though this is a bearish sign, I doubt the price of XRP would be effected because there is a long standing strong bottom at 28 cents for XRP. If we break that, there is a bottom at 25 cents. After 25, I’m not sure where the next bottom is but it will be very hard to break 28 cents in my opinion.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s