XRP Ranging
#XRP is currently ranging between $0.60 & $0.72.
For a nice push towards $0.77 - $0.80 we will want to see a daily close above the resistance at $0.70. To support this move, a close above the 200MA (red line) would be extra bullish for XRP.
On the other hand, if buy volume continues to remain below average we may see XRP come back below $0.60 and retest support around $0.55.
When it comes to fundamentals, XRP is in a league of its own due to its ongoing court case. This case can be the catalyst to some huge moves both up and down, as we have seen over the past few months.
Overall, XRP is seeing a lot of indecisiveness which is why we are seeing extended sideways movement. The last attempt at a breakout to the upside got shutdown at the 200MA.
Lets see what happens over the next 36 hours before making any decisions on entry
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Love it? Hate it? Sound off in the comments!
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
For a nice push towards $0.77 - $0.80 we will want to see a daily close above the resistance at $0.70. To support this move, a close above the 200MA (red line) would be extra bullish for XRP.
On the other hand, if buy volume continues to remain below average we may see XRP come back below $0.60 and retest support around $0.55.
When it comes to fundamentals, XRP is in a league of its own due to its ongoing court case. This case can be the catalyst to some huge moves both up and down, as we have seen over the past few months.
Overall, XRP is seeing a lot of indecisiveness which is why we are seeing extended sideways movement. The last attempt at a breakout to the upside got shutdown at the 200MA.
Lets see what happens over the next 36 hours before making any decisions on entry
---------------------------------------------------------------
Love it? Hate it? Sound off in the comments!
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
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