- XRP continues to remain resilient on this heavy selling Monday
- EMAs continue to remain flat with a slight upward bias showing that bulls are putting up a strong fight
- We are pulling back into this demand zone right now, which has been a place where bulls have been playing defense and if they want this run to continue they will need to once again hold price steady
- If we do dip into this zone and hold a nice scalp play can be taken back up into the liquidity above around $0.53
- A relief rally in BTC could help XRP reach even higher but with the looks of Bitcoin right now I wouldn't count on it
- Keep in mind we are getting very close to that elusive $5000 mark, which may see a lot of stops get triggered just like at $6k so watch out for that
- We still have that CRUP printed on the daily, which is a very good sign for bulls but cannot have that get canceled or else we could see sell momentum pick up
Thanks guys!