Well yes, XRP is still a sideways mover but is currently facing another chance to break the key resistance level located at $0.26 per XRP, which break of would result in major speaking reaching $0.30 mark very likely.
We can see that bottom of the range located at around $0.23 which was successfully denied with a double bottom combined with two pretty bullish candles that has formed this pattern.
As the price is, it’s currently in the same pattern as XLM, but in more aggressive one that is pushing the price into the key resistance level at 26 cents per XRP.
Indicators.
20 and 50 EMA’s have given a buy signal recently, but that happened even last time and it was more like a fakeout buy signal, so still won’t consider this signal as valid for now.
MACD has started a buying wave recently and shows no signs of decreasing volume.
RSI looking very bullish and the break of the recent high located at 61 would confirm a bullish momentum as the break of 60 level on daily, or any other time frame always bring buying volume.
So overall I consider XRP to be very bullish based on technical side and I expect the next week XRP to hit at least $0.29 level.
We can see that bottom of the range located at around $0.23 which was successfully denied with a double bottom combined with two pretty bullish candles that has formed this pattern.
As the price is, it’s currently in the same pattern as XLM, but in more aggressive one that is pushing the price into the key resistance level at 26 cents per XRP.
Indicators.
20 and 50 EMA’s have given a buy signal recently, but that happened even last time and it was more like a fakeout buy signal, so still won’t consider this signal as valid for now.
MACD has started a buying wave recently and shows no signs of decreasing volume.
RSI looking very bullish and the break of the recent high located at 61 would confirm a bullish momentum as the break of 60 level on daily, or any other time frame always bring buying volume.
So overall I consider XRP to be very bullish based on technical side and I expect the next week XRP to hit at least $0.29 level.
Trade fechado: objetivo atingido:
My target of XRP was reached and profit was taken.
