The good old XRP on the daily bar chart is forming a triangle. It is neither bullish nor bearish biased. Since the primary trend is up, I’ll expect ripple to give a bullish reaction too. On the on balance volume indicator you can see the volume is consolidating, which is considered a bullish sign. It is not unlikely that we are continuing making lower highs and revisiting important levels before XRP is ready to maybe fake out first, before we breakout. Horizontal lines provide important areas to be visited before we are seeing any significant upside.
Hope you got out some value. This is not financial advice. Let me know in the comments below if you are trading XRP or not.
Cheers!
Hope you got out some value. This is not financial advice. Let me know in the comments below if you are trading XRP or not.
Cheers!