XRP-EUR : bullish signs
Updated
So, I'm holding xrp. I say this with pain in my heart :D
Long story short (my gf is fetching me): bullish divergence showing in the RSI and MACD and DMI selling strength is dropping.
Right now xrp is in this cute little channel upwards seeking the top of the downward channel it is in. This channel has falling wedge attributes which usually means and upward move is ahead. And looking at the size of the wedge, it could be a strong move! It's too soon to tell yet; if needs to break the 71 cents first. If it passes that number, there is a whole list of resistance zones, but 1.30 should not be too unreasonable of a target to begin with (38.2% retrace of fall from peak). Or is that too optimistic? Perhaps settle for 85 cents first? Ah, it feels like only yesterday that XRP was worth 1.10... or 1.88 for that matter... or 2.40...
Long story short (my gf is fetching me): bullish divergence showing in the RSI and MACD and DMI selling strength is dropping.
Right now xrp is in this cute little channel upwards seeking the top of the downward channel it is in. This channel has falling wedge attributes which usually means and upward move is ahead. And looking at the size of the wedge, it could be a strong move! It's too soon to tell yet; if needs to break the 71 cents first. If it passes that number, there is a whole list of resistance zones, but 1.30 should not be too unreasonable of a target to begin with (38.2% retrace of fall from peak). Or is that too optimistic? Perhaps settle for 85 cents first? Ah, it feels like only yesterday that XRP was worth 1.10... or 1.88 for that matter... or 2.40...
Note
We have a breakout from the wedge! it's still early, so too soon to celebrate, but it is looking good. I believe we will see a climb towards to 80-83 cents soon, matching the 1 dollar barrier. Once that is crossed I will be eyeballing that 1.30.Note
0.71 resistance passed with ease it seems! Next stop is between 82 cents (1 dollar pretty much) and about 94 cents I think.Note
Still trading between 82 and 94. Break above would take it to 1.12
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.