XRP TO THE MOON: RESPECTING THE GOLDEN ZONE
Based on my previous analysis of XRPUSD, a bullish momentum will be confirmed by the break of the resistance at 0.60138 key level... We are seeing more and more weekly candles fail to break that level.
On the update, the previous week seems to be respecting the golden area at 0.54539. If a support forms here, it could be a monthly bottom wick to continue up.
On the bearish scenario, a break of the previous weekly low could sling price down to previous support at 0.52200.
Personally I don't think there is direction yet until one of these levels are broken (resistance & support).
Happy Trading🚀🚀
On the update, the previous week seems to be respecting the golden area at 0.54539. If a support forms here, it could be a monthly bottom wick to continue up.
On the bearish scenario, a break of the previous weekly low could sling price down to previous support at 0.52200.
Personally I don't think there is direction yet until one of these levels are broken (resistance & support).
Happy Trading🚀🚀
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