It wouldn't surprise me if we test the .41 levels. Of course, it depends a little on what BTC does but the next resistance for XRP is the .41 XRP is keeping the upward trendline. i'll open a short if it closes below the trendline
I want to see a healthy pull back to the levels of support showed above. Once we test the first level, wait for confirmation for the bounce for new (higher lows). If not, we will test the next line support. Of course News and Trade could blow through both resistance and support. This could be building a descending triangle though its way to early to tell.
Looking at the bigger picture, the daily isn't looking good. We have a bearish DIV on the RSI, The head and shoulders isn't too sexy.
We are approaching support at this upward trend line. Once we hit the trend line, I could see a bounce to test the downward trend line. Regardless of bounce or no bounce, BTC is running out of room and time. We are close to the decision. I want it to go to 6K ranges so we can finally start our trip to 20K. Also look at the RSI. This is why I believe we could...
If we break the 2nd trend, I'll short into my buy zone.