BITSTAMP:XRPUSD   XRP / U.S. Dollar
  • XRP has moved nicely off support and is on its way to test resistance around 0.53
  • We didn't really see much volume accompany this move off support but volume has entered the market today, which is normal after the weekend
  • BTC does however look weak here and any sharp move down could see XRP follow suit
  • EMAs still trending upwards and expect both to provide support if we do drop back down here
  • As long as the demand zone below holds, bulls can remain optimistic that a test of $0.55 is still possible
  • A break below this OB could very well see low $0.40s again

Thanks guys!

Comments

What are those bar graphs that are sideways on the right side of your chart?
+1 Reply
CM_Trades balanar_NS
@balanar_NS, those are vpvr bars. Basically volume profile bars
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