XRP - All eyes on the Weekly close

It is safe to say XRP has been on an impulsive breakout ride in the last few days. To cut the noise and understand Market structure truly I like to re-visit the weekly and monthly timeframes. The weekly time-frame pinpoints the importance of the weekly close on Sunday night . If the weekly closes above the 80 cents regional zone of supply and demand, we can confirm that XRP is in a weekly bullish trend. This is key in my opinion, as fall below will confirm we still need further development.

Lets see

Trade safe

Sunny Kumar

Comment:

Weekly close surpassed my expectations and we can confirm we are for sure now in a bullish weekly trend. With such a move - do expect correction which is needed.

I expect price to drop at the most 0.80 region before taking a big push to the upside.