What a ride! Do we have a bottom? Ripple just seems to dribble lower.
Added the Ichimoku to the 4 hour chart. We have a dangerous cross forming. Conversion line (Blue MA) has turned toward the base line (Red MA). Price is now hovering above the Base line and the Leading Span B is below the Green Cloud.
Adjusting the long term trend lines Ripple is truly at a CROSSING!
Break down below the .000065 and we are going DOWN and FAST!
Break above we will need confirmation and should see that around the .000075 mark with and again at .00085. After that I believe we can take a breath and start chanting!
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4 to 8 hours will give us a break to the upside or a AHHHH SSSSSST!
So BTC will break to the upside as well, or you see XRP move by itself?
texdevo2
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@cyberholz, In the past BTC retreats to last support $2600 range and then starts the steady climb to next target $4800 mid August.
If XRP crosses resistant and upper trend lines we should see a quick lift followed by a quick retreat and then a climb up to all new highs. BTC should have started its climb pushing XRP the last way. XRP high 4-6 days before BTC.
I am not an expert or pro. Just learning and have been way wrong as have most of us on the long term XRP trend.
cyberholz
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@texdevo2, It's all about low volumes currently, holding all coins back. Volume's the key.
XRP just hammered to uptrend support at .000068 followed by a morning star on the 5 minute chart! BULLISH trend reversal! We shall see how strong and if we can break some resistance at about .000071 and then at .000075