Short

XRP RALLY BASE ???

So here is a scenario that can happen at the moment that I see and I'm starting to lean towards the bearish side because XRP has once again failed to break above the purple zone and ichimoku cloud is starting to get weaker on the 4h chart.

If the current 4h candle manages to close as a bearish reversal candle I imagine price will drop to the lower area of the cloud and possibly to the .25073 area.

If we manage to get above purple zone expect to hit .32 and .40 levels fast.

Question now is what will we get rally base rally or rally base drop?

Daily chart shows we flat kijun and that market is out of equilibrium and may do a correction lower.
https://www.tradingview.com/x/68hYc3FO/

overflownexus

Also on:

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.