Crypto_Sid

XRP/USD - Are We Building for a Breakout?

BITSTAMP:XRPUSD   XRP / U.S. Dollar
My daily update on XRP/USD... overall I'm bullish , but i'm thinking we might see a little downside before she really makes a decision on where she wants to go.

I do believe the low area I mention is in play at the moment. Have to reassess each day, but I'm thinking it might just happen. I think the downward trend line and previous support/resistance zone is holding strong at the moment and keeping price down a little bit... well in a sideward move.

Let me know your thoughts and give a like! Stay tuned for the next update.

Going neutral on this in the short term.
Trade active: Taking a quick look at the charts this morning and it would appear that XRP might be looking to break to the downside from that triangle on the 4HR. Price still moving a bit sideways in my opinion

On the 45Min... price is testing the 200EMA and looking to want to break it. It's broken it on the 30&15min and if that continues that scenario will work its way up through the time frames in the short term.

The 4HR; 200EMA continues to hold as strong resistance and price action is testing it on the 3HR. I do hope for an upward move, but something is telling me we'll see a little bit of pull back. However, considering how price is consolidating in roughly a .10 cent range... when it breaks, i think it will be a good one. let's hope for an upward move. :)

Trade active: Current 4HR candle has spiked down hitting $1.00 on the button. Updating from my phone but my guess... $1.05 area will likely the the real support at the moment so price likely to pull back here. Maybe a little above. I’ll get a better look this evening when home.