Imma tell you just like THIS, XRP needs to PUMP UP THE VOLUME!

I'm incredibly bullish on XRP long term as I've stated multiple times since July '17. I think this up move takes us to $1.58-$1.61 at some point in the near future, but honestly, I'm a little concerned with the lack of heavy VOLUME on this move SO FAR. I mean, don't get me wrong, today was good, but not great. We need great to go HIGHER.

Dear Korea,

Step UP. LOL.

No seriously, there is a bit of downward pressure being applied by the 200 period EMA at $1.1266 on the 4HR chart and we are just under the 50 EMA on the daily. That said, the good news is we've got UPWARD SLOPING 9SMA, 30SMA, 50, EMA & 90EMA just below us as support, so it isn't a bad time to enter with a stop below $0.97. Once we cross the 200 it's pretty clear sailing for the BULLS all the way to $1.61.

RSI > 50 = CHECK
MACD BULLISH ABOVE 0 = CHECK
STOCH = MEH could pullback a bit
VOLUME = C'mon MAN!

The bulls are coming, crypto isn't dead, the trend is your friend, institutions are sniffing around, and it looks like the DOWNTREND IS ENDING. Let's see!

Comentário:

Consolidating just beneath the 200 EMA on the 4HR chart on LIGHT VOLUMES...XRP is at an inflection point and a BIG move is coming. I suspect it will be to the upside, but don't forget this thing is UP over 100% since 2/7, so we definitely can't rule out a pullback, but aggressive dips will most likely be bought. Let's see...

I think the play is to be patient and not overtrade this.

Comentário:

Hey, THERE'S some VOLUME! $1.31 & $1.61 in play! Let'e see it this 4hr candle can close above the 200EMA & 200SMA. If so, we're going FULL BULL for a while.

Comentário:

We still need some volume to come in. Feeling like we are entering into a Stage 1 type accumulation phase. Shorts on Bitfinex jumped by as much as 25% today and price barely moved, seems to have pretty strong support in this $0.85 area and sellers look to be running out of gas. Let's see.