QuantTherapy

XRPEUR Analysis of Bases

QuantTherapy Updated   
KRAKEN:XRPEUR   XRP / Euro
When we look on the hour grap for the last 14 days we can see two clear bases. One at 0,201 EUR and second one at 0,168.

If the base at 0,2 will keep holding we might test the the resistance at 0,224 and at 0,234. If not the next big can be found at 0,168

Ripple has been very unpredictable in the last several days. At first it jumped to 0,23 EUR Afterwards it fell Rapidly twice and now it is consolidating before another sudden change.
Since the Torono Convention is coming up in 3 days i beleive we will see extreme sudden changes in the coming days. (Source Convention: ripple.com/insights/...ing-swell-by-ripple/ )

For newest announcement from Ripple you can have a look at twitter.com/ripple
Comment:
RSI indicator is showing that ripple is oversold.

MACD Indicator has shown us a trend change is imminent.

Interesting is Volume when you look on the chart Buy volume is much greated then Sell Volume. Therefore we can say a lot of People are saving their Ripple for SWELL to play out its part.

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