XRP’s 30% Decline Falls To Bottom Of Cloud, Stormy Days Ahead If Support Fails

[Dociko]

XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap.

The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price.
Details: https://www.newsbtc.com/2020/09/07/xrps-30-decline-falls-to-bottom-of-cloud-stormy-days-ahead-if-support-fails/