Price holding at $0.64 Support Level
Hey everyone, I'm back into the trading and HODL game, especially as we have finally had a very strong pullback in the crypto market. As I'm looking at potential entries for long positions, I came across a very strong support structure when on the XRPUSD 4 hour chart.
Historically, price has bounced off of this price area on 3 separate occasions, and at least 6 instances. This is also the price point that was tested before XRP made its initial move to the $3.00 mark, which makes it a particularly interesting area for traders and HODLers alike.
Keep an eye out on how price reacts to the descending triangle. Upon a strong move either way, there will be a great indication of the overall direction of the crypto in the near future.
