XRPUSD has recently shown a downtrend where it is noted the lowest low at the
0.1785 level but this can not be the lowest low already because XRPUSD can show more decline.
XRPUSD is trading in a possible descending wedge formation which is certainly a bullish
the reversal that can show to the upside with good potential.
For now, XRPUSD is still trading below the 55 and 20-EMA which is more bearish but this can
definite change when XRP comes above the EMAs and also confirm the wedge.
The RSI bounced from the oversold condition upwards now this shows that the RSI has room
to move higher and visit the overbought condition areas.
The MACD has formed a bullish crossover which is a bullish sign, after XRPUSD has shown
more potential in the next time it has to look up if the wedge confirms.
TREND: Downward/sideway/wedge
EXPECTATION: Wedge confirmation
TREND AFTER EXPECTATION: Upwards
PREV: 0.18269
OPEN: 0.18278
VOLUME: 999.466K
DAY'S RANGE: 0.18130 — 0.18356
0.1785 level but this can not be the lowest low already because XRPUSD can show more decline.
XRPUSD is trading in a possible descending wedge formation which is certainly a bullish
the reversal that can show to the upside with good potential.
For now, XRPUSD is still trading below the 55 and 20-EMA which is more bearish but this can
definite change when XRP comes above the EMAs and also confirm the wedge.
The RSI bounced from the oversold condition upwards now this shows that the RSI has room
to move higher and visit the overbought condition areas.
The MACD has formed a bullish crossover which is a bullish sign, after XRPUSD has shown
more potential in the next time it has to look up if the wedge confirms.
TREND: Downward/sideway/wedge
EXPECTATION: Wedge confirmation
TREND AFTER EXPECTATION: Upwards
PREV: 0.18269
OPEN: 0.18278
VOLUME: 999.466K
DAY'S RANGE: 0.18130 — 0.18356