Hi guys, if you haven't checked out our last XRP analysis I suggest you do as it has played out perfectly so far.
If you haven't checked out, a quick recap:
1. XRP is not a in bull run yet, actually still in a bearish downtrend since April 2018
2. Every time since July 2019 that XRP has tried to break the 200MA, it has failed and dropped (it just hit it this week again and hasn't broken through)
We wouldn't begin to look at XRP as bullish until:
1. A break above the top of downtrend channel
2. Price goes above that POC of $0.28
3. A break in the 200MA with volume confirmation
The bulls want to see it break through the 200MA and the downtrend channel. We would then wait for a breather and test these for Support. If confirmed, we're going in and riding to possible 0.30 - 0.40 area.
Feel free to like this post and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
If you haven't checked out, a quick recap:
1. XRP is not a in bull run yet, actually still in a bearish downtrend since April 2018
2. Every time since July 2019 that XRP has tried to break the 200MA, it has failed and dropped (it just hit it this week again and hasn't broken through)
We wouldn't begin to look at XRP as bullish until:
1. A break above the top of downtrend channel
2. Price goes above that POC of $0.28
3. A break in the 200MA with volume confirmation
The bulls want to see it break through the 200MA and the downtrend channel. We would then wait for a breather and test these for Support. If confirmed, we're going in and riding to possible 0.30 - 0.40 area.
Feel free to like this post and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
XRP has broken through the downtrend line & the 200MA. Appears to be testing the downtrend line looking for support. Stay tuned.
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.
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.