XRP Shows a Bullish Engulfing After a Recent reversal Hammer

Huobi will soon be starting to list XRP contracts on the Huobi Derivative Market.
More exchanges have already added XRP and even used it as a base pair.
Currently, Ripple is priced at 0.30637.
In technical analysis , on the daily timeframe , last Tuesday’s trading has created a strong bullish engulfing after a reversal hammer . We can also see a potential small Elliot wave and possible a small ABC Correction.

Meanwhile, StochRSI showing a rebound after the price reached the over sold territory.

0.3200 Max resistance
0.2906 Max support

Sentiment is neutral.


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