XRP - Failed Bump and Run ?

1035 6
Something is up with XRP as it should not break lower than
the green arrow line pointing upwards .
if it does not move upwards past .60 tomorrow I believe it can drop to the
.44 cent area but first a drop to .52
Comment: Also whats with the double 9 candles ? One is usually indicative of a move down ..but two ?

Comment: XRP got a 9 and also a tweezer top candle formation. The 9 candle should be a shorterm move up. Target is around the .55 area then the downward movement will kick in again
Comment: To pull of this move this next hourly candle will have to close as a green 1 and not a
red 1 .
A green 1 candle indicates a new count up has begun , But a red 1 indicates that
the drop continues.
Comment: Tweezer tops generally indicate a move upwards .. ,
Comment: ,....still counting down and continues to drop

Comment: XRP is undecided ..its targeting either .54 or .47 ...

Comment: definitely does appear to favor a move to .54 then most likely down again ,,,..Will have to see how this plays out.
Comment: XRP ..eyeing that .40 spot
good analysis so far. Any updates on our target?
do you think .55-.50 will act as strong resistance if we drop back down?
mycotoxin manjotsbajwa
@manjotsbajwa, XRP has bounced off the .50 a few times so its good support and will take a few attempts to get past it once it turns resistance ...
manjotsbajwa mycotoxin
@mycotoxin, Good point.Thanks for the picture. So basically you're predicting a slow descent to .42?
manjotsbajwa manjotsbajwa
mycotoxin manjotsbajwa
@manjotsbajwa, yes should be a slow drop , but if BTC breaks lower than 64xx this could change .
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out