Rocksorgate

☀️ XRP MORNING POST ☀️

☀️Heads hurting and I'm tired from work so this is just real quick. XRP as we've pointed out and indicated could definitely happen, has retraced since hitting it's recent high of 0.56 then falling and exiting out wedge mark by which then we saw some bullish activity occur as a result of that but nothing strong enough to create a next step and in turn we simply ended up losing that 200 EMA and well you see the fall that's basically happened and happening right now as a result, it's not fast by any means and is relatively controlled as both sides fight hard still but we fall further we can definitely look at 0.44 soon again which is our next marking in red.

☀️Just gonna leave the idea here since price is just being pretty volatile but overall trying to find the next step upon which to move up from or either fall down below, and so it's best to just watch those EMA's as I always say as they give a pretty good indication of what's going on. The market in general is swaying a lot trying to figure what could possibly be next following the Fed's hike rate last week of .75% with things looking gloomier yet crypto possibly posing as a relatively better hold for some with XRP being one of those notable ones being as they've got their case going on and you can definitely see how the market's kind of just taken that and gone with it. 0.46 is also our support point for now on XRP's chart just so you guys know in case we fall below or use it as support again in a retest.

☀️Leaving the idea here for now as always, you already know that this isn't any financial advice by any means and is simply my take on the market and things as always, giving my opinion and take on things and trying to give my explanation of things as best as I can as always, I know I haven't given any new charts or patterns but I've been dealing and sorting through a lot so bear with me, I'll definitely give some later, just need some rest. If you'd like to leave a like or follow it'd be much appreciated as always, simply giving what I can for you guys.


~ Rock '

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.