XRP September 14, 2021
Backing the chart out to 1hr candles for a little further perspective while we watch XRP decide which channel it wants to go to. Current values for this channel today are $1.05 - $1.21.
Still looking at that buying opportunity in the $0.86-$0.90 range if we break through support at $1.04. Also note some long term resistance/support at around $1.07, looking back that level has played both roles and presently appears to be resistance. If true, XRP will need to decide within the next 48 hours or so whether it wants to break through and head up or break below and head into the next lower channel.
Not much here today for now, let's wait and see...
Still looking at that buying opportunity in the $0.86-$0.90 range if we break through support at $1.04. Also note some long term resistance/support at around $1.07, looking back that level has played both roles and presently appears to be resistance. If true, XRP will need to decide within the next 48 hours or so whether it wants to break through and head up or break below and head into the next lower channel.
Not much here today for now, let's wait and see...
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