Good morning- crypto ger here for another xrp update- today is Thursday april 22, 2021.
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only. I
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 500% ytd
Over 120% on the all -rolling 1,3 & 6 month range
The weekly technicals support long positions- performing well above almost all moving averages-indicating a strong buy position, while the oscillators hint at a cooling period. Rsi values are in the 70's & cci is over 200- these indicators on their own are bearish. The bull bear power index is 1.10 which is relatively neutral and lastly the macd is reporting a 0.21 which is a buy. Weekly technicals are a buy
Recapping yesterday-
XRP declined by 6.95% reversing a 5.76% gain from the day prior. xrp ended the day at $1.29017. A bullish start to the day saw xrp rise to an intraday high of $1.46406 before hitting reverse..
Steering clear of the first major support and leaving major resistingce untested.
For the day ahead-
XRP will need to move through the pivot level to bring major resistance levels into play.
Support from the broader market will be needed to break back through the 1.40's.
In the event of an extended rally XRP could test the second major resistance levels
Failure to move through the pivot brings support levels into play
XRP should steer clear of sub 1.20
If you found this video informative please be sure to smash the like and subscribe button- turn on the notifications so you can stay up to date with future content
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only. I
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 500% ytd
Over 120% on the all -rolling 1,3 & 6 month range
The weekly technicals support long positions- performing well above almost all moving averages-indicating a strong buy position, while the oscillators hint at a cooling period. Rsi values are in the 70's & cci is over 200- these indicators on their own are bearish. The bull bear power index is 1.10 which is relatively neutral and lastly the macd is reporting a 0.21 which is a buy. Weekly technicals are a buy
Recapping yesterday-
XRP declined by 6.95% reversing a 5.76% gain from the day prior. xrp ended the day at $1.29017. A bullish start to the day saw xrp rise to an intraday high of $1.46406 before hitting reverse..
Steering clear of the first major support and leaving major resistingce untested.
For the day ahead-
XRP will need to move through the pivot level to bring major resistance levels into play.
Support from the broader market will be needed to break back through the 1.40's.
In the event of an extended rally XRP could test the second major resistance levels
Failure to move through the pivot brings support levels into play
XRP should steer clear of sub 1.20
If you found this video informative please be sure to smash the like and subscribe button- turn on the notifications so you can stay up to date with future content