XRP seems to have found a resistance bottom, at least temporary. There also looks to be a bullish divergence on the MACD as well as an extreme oversold. If the market stabilizes, XRP could easily make a run to 0.36-38. If not, it'll move lower to 0.29 at the very least - probably further which would be pretty brutal for XRP seeing as it's almost at it's 2018 low already.
We also appear to be at a long term log support which you can see at another authors XRP post here:
We also appear to be at a long term log support which you can see at another authors XRP post here:
Note
It just had a drop and adjusted the base support. The drop made a descending wedge pretty clear so may have a relief rally soon following the purple line. Maybe not as high - something like 0.34/0.35Note
forgot to link the chart in the update above, but here's another. It's slightly above the wedge, but still could easily be a bear trap. Most top 10 coins appear to be "stabilizing" at the moment but it could easily be the calm before another wave downNote
It's making an ascending triangle and about to test it right now. If it manages to move up from the bottom of this triangle, might be a descent shot at the triangle moving up towards the 0.37 price point I mentioned earlier. We'll know in the next 1-2 hours
Note
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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.