XRP seems to be ranging in a way that it's bouncing off of support and resistance zones.
Indicating that bulls and bears were both indecisive.
It made a breakout from 1.58; could expect a strong corrective move soon.
If it cannot break 1.62-1.65 in the next hour or so, could be a possible strong rejection (corrective move).
Indicating that 1.62 may become a resistance area.
Possible false breakout was also noticed by the last candle's wick at 1.66.
NOTE: Please do not take this as confirmation as buy/sell signal. This is my general idea and opinion on XRP's momentum.
Indicating that bulls and bears were both indecisive.
It made a breakout from 1.58; could expect a strong corrective move soon.
If it cannot break 1.62-1.65 in the next hour or so, could be a possible strong rejection (corrective move).
Indicating that 1.62 may become a resistance area.
Possible false breakout was also noticed by the last candle's wick at 1.66.
NOTE: Please do not take this as confirmation as buy/sell signal. This is my general idea and opinion on XRP's momentum.
