RATE Group | Ripple Ripe for 17% Dump After Key Supports Give Way
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Ripple Ripe for 17% Dump After Key Supports Give Way

24 Nov Ripple Ripe for 17% Dump After Key Supports Give Way

Posted at 04:29h in Cryptocurrency News by

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  • Ripple is having an awful 2019 despite unyielding support from the so-called “XRP army.”
  • One widely-followed trader sees more pain for the third-largest cryptocurrency.
  • There might be an opportunity for a relief rally, but ripple remains in a downtrend unless it prints a reversal structure.

Ripple is down by over 36 percent this year. No matter how much XRP devotees try to peddle hope for a probable reversal, the cryptocurrency appears to be headed toward more painful declines.

And with the Swell conference out of the way, “The Standard” offers little to no catalyst that can ignite a bullish insurrection.

What’s even worse is that bulls are virtually nowhere to be found. The cryptocurrency has been giving up so many key support areas that a widely-followed trader sees a massive dump on the horizon.

DonAlt: ‘The Price Action on XRP/USD Is Uncannily Technical’

There’s no doubt that XRP is in a downtrend in both the macro and micro scales. What’s remarkable about…

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