XRP Really Testing The Patience Of True Hodlers ;)

After testing and getting rejected from a 0.702 fib. level ($1.65) XRP is consolidating right now. For now all we could say that we've just back tested a 0.382 level ($1.31) and will see if we go any lower. On 15min chart the buy volume has already started to increase with RSI showing some bounce back up from the oversold area. With the first altcoin booming (ETH) (i will ignore DOGE cause it is a coin where my logic and understanding of a market ends) we could argue that we may not get lower, but even if that does happen a 0.236 level should hold.

Be patient and be well.

I am not a financial advisor and nothing here is a financial advise.

Note

Here is a buy volume increase on a 15 min chart with a RSI bounce up

Note

To really confirm that we are on the way up from here, we have to have a clear break upwards through from the orange resistence line.

Note

And the last one, how i see personally see this current (boring) price action in colors. Also the areas where price could theoretically still move to.

Note

Let's gooooo..

AVA37

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.

AVA37