XRP / U.S. dollarBitstamp
Description
⋅ - 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!