Due to high demand, and the fact no ones really posting on this one, I've decided to give it a shot.
XRP currently sits nicely above the 20, 50, and 200 major moving average (All in systematic order I might add) suggesting the trend is actually pretty healthy. As it stands, price had a nice green candle off of the side-wards support a while back, and since then has somewhat faded after closing as a green candle but with a wick entailing it. This showed weakness within the session and the fading is now in play.
I would expect that XRP comes at least back to the side-wards support level, but you never know, if XRP picks up momentum to the downside then it could potentially break the support line and break below it, and maybe even use it a retest of resistance.
The support is stronger than the resistance in realtime though. Why? Simply because there's loads of near converged moving averages acting as support around this level, and price would have to break every single support, and then the side-wards support line all simultaneously to get the break.
The problem with that is, IF XRP does break the side-wards support and all the moving averages mentioned, then XRP will tank considerably.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-)
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
XRP currently sits nicely above the 20, 50, and 200 major moving average (All in systematic order I might add) suggesting the trend is actually pretty healthy. As it stands, price had a nice green candle off of the side-wards support a while back, and since then has somewhat faded after closing as a green candle but with a wick entailing it. This showed weakness within the session and the fading is now in play.
I would expect that XRP comes at least back to the side-wards support level, but you never know, if XRP picks up momentum to the downside then it could potentially break the support line and break below it, and maybe even use it a retest of resistance.
The support is stronger than the resistance in realtime though. Why? Simply because there's loads of near converged moving averages acting as support around this level, and price would have to break every single support, and then the side-wards support line all simultaneously to get the break.
The problem with that is, IF XRP does break the side-wards support and all the moving averages mentioned, then XRP will tank considerably.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-)
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
Please leave a LIKE. It motivates me to post this free content!