SafeMoon, Stellar Lumens and Ripple – European Wrap 16 November

SafeMoon price is taking a break from its steady uptrend as it retraces, breaking crucial support barriers. That said, it is not beyond revival. In fact, SAFEMOON is approaching a high probability reversal zone that is likely to end the downtrend and kick-start a new rally.

XLM price has dropped sharply after failing to slice through a crucial resistance level on the daily time frame. The recent drop is the last piece needed to complete a bottom reversal pattern, suggesting investors can expect Stellar to make a comeback.

 

XLM/USDT 4-hour chart

Ripple (XRP) price is on the back foot for a second day as bulls see their attempts for a pop higher being blocked by the tilted orange upper boundary line. Following the rejection by that and the bounce off the green ascending trend line, bears have now taken control of XRP price action. Expect further downside as bears are dictating for now. Look for proper support levels from which to pick up XRP coins at a discount.

 

XRP/USD daily chart

 

 

 

 


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