XRP is preparing to break the resistance at $0.48 and if that happens (anytime now) we will likely shoot up again to $0.65 which so far has acted as a nasty resistance throwing the price back down every time.
Until then, let's see if we can break this local resistance which should not hold us down long I'd say.
Looking at the indicators we can see that:
1. Volume is growing - bullish
2. MACD about to cross on the positive side - bullish
3. RSI moving up... bullish
Price action also support this move. We will know pretty soon where we are headed and if we happen to fall we have good support close by just above $0.40. Therefore the risk/reward for a long is good here.
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Until then, let's see if we can break this local resistance which should not hold us down long I'd say.
Looking at the indicators we can see that:
1. Volume is growing - bullish
2. MACD about to cross on the positive side - bullish
3. RSI moving up... bullish
Price action also support this move. We will know pretty soon where we are headed and if we happen to fall we have good support close by just above $0.40. Therefore the risk/reward for a long is good here.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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