It has taken a long time till XRP left the negative trend channel (red) to the side. A new, smaller channel (green) has been formed and is now to be taken in consideration. This new channel has been tested twice on the upper side and also twice on the lower side.
While XRP coin rose up, the RSI indicator didn´t change a lot and even lost some points, heading now to the older, falling trend line. This indicates that Ripple could lose value in the next hours / days. On the other hand, there is also a positive trend channel at RSI and the indicator is actually still in bullish zone. So, the drop in price shall not be very big.
From actual price it could fall to the lower limit of the channel, causing a loss of approx 0.04$ (-11%) and reaching 0.31$ .
In between the two limits of the actual trend channel a swing trend line (orange) is crossing this pattern and could be a good support at approx 0.339$.
Let´s wait and watch if XRP will cross it and fall further or if it´ll rebound on it - in this case taking a new attempt to break the upper limit of the trend channel.
While XRP coin rose up, the RSI indicator didn´t change a lot and even lost some points, heading now to the older, falling trend line. This indicates that Ripple could lose value in the next hours / days. On the other hand, there is also a positive trend channel at RSI and the indicator is actually still in bullish zone. So, the drop in price shall not be very big.
From actual price it could fall to the lower limit of the channel, causing a loss of approx 0.04$ (-11%) and reaching 0.31$ .
In between the two limits of the actual trend channel a swing trend line (orange) is crossing this pattern and could be a good support at approx 0.339$.
Let´s wait and watch if XRP will cross it and fall further or if it´ll rebound on it - in this case taking a new attempt to break the upper limit of the trend channel.