Bitcoinik

XRP Technical Analysis

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
XRP is now moving in an uptrend channel . The RSI follows the same pattern of the previous rally. The previous rally of XRP was started from $0.18 and reached $0.33. This rally is started from $0.13 and we are expecting that XRP will touch the daily 200 MA resistance that is around $0.23.

Trade closed: target reached: XRP tested the resistance zone and rejected from it. XRP still trading in the upward channel and we may see another test of the resistance zone. If XRP breaks the resistance we may see a good small rally.

Comments

I will be monotoring xrpusd as well, this is my overall view
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Thanks for sharing, this is my perspective
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