WinVested
Long

Something's gotta give soon...

COINBASE:XRPUSD   XRP / U.S. Dollar
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A little messy, but we have horizontal support below @ $0.25/0.265 and uptrend line support which lies right now (and we bounced off of) @ $0.27. Resistance above in the 4-hr MA/EMA @ $0.2870, bottom of trend line above us, currently ~$0.2910, horizontal resistance @ $0.3040 and finally the top of the uptrend channel above us @ ~$0.35. The Daily MA/EMA is also currently between $0.3040 and $0.35 around the mid-way mark @ $0.3250.

And right now we're getting squeezed. The downtrend channel (the longest downward sloping line on the chart) trend-line and the very bottom of the uptrend channel converge ~ Nov 26th. Price HAS to either follow uptrend and rise above downtrend OR respect downward sloping trend-line and fall below uptrend channel .

I'm long from ~$0.2525 so, I feel comfortable, but it could get ugly if we squeeze the wrong way. One thing is for sure, it's going to be either a dramatic rise or fall by the 26th.

Good luck, this is for entertainment purposes only!
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