🔥 Been dealing with a lot that had to be sorted but should be in a better position now to get back with the usual so we're back with another update on XRP for our analysis. And before I continue I haven't added any new horizontal markings/price levels so what we've got here have been the same. Basically our levels have still been doing the job and have given us a good bit to go off on.
🔥 Here is the 30 minute chart without any of the new encircled points.
🔥 Can see how we lost that 0.45 horizontal level and ended up tumbling below only to have a bit of support at the next marking of 0.44 before falling down to my next support level of 0.41. Again none of these lines are new, I've had these levels for a few weeks/months by now and they still do the job so always good to pay mind to them. I've encircled some points of interest like our 200 EMA entry point, gives a good example of what a good 200 EMA entry is for bulls.
🔥 And if we take a look at our main chart above we see how we've found this support at 0.44 and seem to be gaining some traction back but should watch out for whether or not a double top forms if we make it to that or if we can break through 0.45. The chance to fall is still there as always but for that we just have to pay mind to whether or not we slip below 0.44 or not, and if then you simply look to the horizontal levels below and vice versa.
🔥 XRP's continued to remain prominent and at the top of the market especially as developments with the case continue daily and Ripple's purchase of crypto custodian Metaco for $250 Million being it's first major acquisition signaling that regardless of the case the company is not letting up and instead is still making way and pushing forward. Very good to make note of the acquisition which I'll post more on later.
🔥 Stopping the observation here for now but if you'd like to leave a like or follow as always it'd be much appreciated, thanks as always and wishing nothing but the best!
~ Rock '
🔥 Here is the 30 minute chart without any of the new encircled points.
🔥 Can see how we lost that 0.45 horizontal level and ended up tumbling below only to have a bit of support at the next marking of 0.44 before falling down to my next support level of 0.41. Again none of these lines are new, I've had these levels for a few weeks/months by now and they still do the job so always good to pay mind to them. I've encircled some points of interest like our 200 EMA entry point, gives a good example of what a good 200 EMA entry is for bulls.
🔥 And if we take a look at our main chart above we see how we've found this support at 0.44 and seem to be gaining some traction back but should watch out for whether or not a double top forms if we make it to that or if we can break through 0.45. The chance to fall is still there as always but for that we just have to pay mind to whether or not we slip below 0.44 or not, and if then you simply look to the horizontal levels below and vice versa.
🔥 XRP's continued to remain prominent and at the top of the market especially as developments with the case continue daily and Ripple's purchase of crypto custodian Metaco for $250 Million being it's first major acquisition signaling that regardless of the case the company is not letting up and instead is still making way and pushing forward. Very good to make note of the acquisition which I'll post more on later.
🔥 Stopping the observation here for now but if you'd like to leave a like or follow as always it'd be much appreciated, thanks as always and wishing nothing but the best!
~ Rock '
