Hi all,
XRP is definitely beaking out of the downtrend since yesterday, but it is still struggling to move above the $0.20 resistance.
Nothing new for the "ripple" actually as we have seen a similar ranging a few times in the recent past. For instance, in the 10-29 April, it stayed in the $0.198-$0.180 zone for more than two weeks before starting a short bull run. In the 17.12 - 05.01 period it stayed in the $0.197 - $0.183 zone.
We can safely consider this a consolidation period that always comes before a new trend is established. We just need to be opened for opportunities, so stay tuned and alert to what this altcoin has in mind for us. I think a further drop to sub-$0.195 area will be a good buy.
Again, no financial advise - no one knows the crypto market and can give you the answer, Actually, no one knows traditional markets as well for they are as manipulated as crypto if not more.
Stay safe
Cheers,
XRP is definitely beaking out of the downtrend since yesterday, but it is still struggling to move above the $0.20 resistance.
Nothing new for the "ripple" actually as we have seen a similar ranging a few times in the recent past. For instance, in the 10-29 April, it stayed in the $0.198-$0.180 zone for more than two weeks before starting a short bull run. In the 17.12 - 05.01 period it stayed in the $0.197 - $0.183 zone.
We can safely consider this a consolidation period that always comes before a new trend is established. We just need to be opened for opportunities, so stay tuned and alert to what this altcoin has in mind for us. I think a further drop to sub-$0.195 area will be a good buy.
Again, no financial advise - no one knows the crypto market and can give you the answer, Actually, no one knows traditional markets as well for they are as manipulated as crypto if not more.
Stay safe
Cheers,
Comment:
Good move by XRP today breaking back into the $0.20 S/R and also surpassing the 50 and 100 day EMAs. Now let's see if it will be able to close the weekly candle there.
Comment:
Like commented on the original idea here, it was just a matter of time for XRP to break out of the range trading...
