XRPUSD Just remember fellow XRPeople, that these elderly men with all their negativity writing here, are only here to try to scare you with all their fibonazi and drawings. It's only because they want you to sell, so they can scalp (take money from the rise after you sold). But this one: Ripple XRP, we believe in! And we're here to stay - so go away, Bears!
XRPUSD Not looking very peachy if I might say. Can go all the way to 2.80$ again.
Together with Bitcoin nailing 98k as options expire.
The problem is weekly close however. You may not feel it, but the weekly candles are not looking very good and red close would be very concerning.
Despite all I am still rooting for the bulls. But again, gotta ask, where does the wishful thinking end and reality begins.
As we are going to dip, the daily MACD is also going to paint a bearish cross.
Overall, becoming increasingly more sceptical. I just cannot imagine it in my head, the red weekly close on Bitcoin in particular, would look like a double top in many ways. The Bbands already indicate that the uptrend became weak, as the price no longer rides the upper band as it always does during peak bull. Instead it came down and now it's struggling to come back up. Talking weekly. The last time similar situation happened in May we had a considerable crash. Not a good sign for the entire space, as it is all correlated.