XRP looks very indecisive and indeed showing signs of a bearish market but really not enough to make a decision one way or the other. If you're on the sidelines, stay there until there is a clear break. If you are long/short watch it like a hawk and/or set your stop losses reasonably right.
XRP, like most cryptos, tend to rise and fall with BTC and whilst BTC is also looking somewhat bearish I can see a falling wedge forming which could indicate a reversal that might drag XRP along with it. For this reason, I'm actually starting to lean toward the upside although only ever so slightly.
XRP, like most cryptos, tend to rise and fall with BTC and whilst BTC is also looking somewhat bearish I can see a falling wedge forming which could indicate a reversal that might drag XRP along with it. For this reason, I'm actually starting to lean toward the upside although only ever so slightly.
Comment:
Watch closely for a close above .91 to initiate our long trade.
Trade active:
Breakout confirmed. Go long.