Ripple hasn't hit this price specifically since December 14th, 2017, so we're at our all-time low for 2017.
Last candle on the 1D chart significantly smaller in nature.
The orange line on my chart is the EMA-26 and the Neon-Yellow line = EMA-12.
As you can see the indicators here are above the price right now, so they will serve as resistance indicators.
still shows an upward trend on the 1D as well. Positive
Bollinger's Bands is showing us that the price is at the bottom of the bottoms, so the greatest extreme for the price at this moment in time.
We've dipped into the oversold zone for the on the daily too.
Let's check out the now:
There are two things of note in the chart here.
1. The downtrend resistance from May 4th/5th to the current date is still in effect. However, there is significant distance between the price's current point and that downtrend resistance.
2. With a potential gain of 7%+
The upside definitely looks vastly stronger than the downside at this point on an $XRP trade imo .
Market is hanging in limbo at the moment as well. I'm not expecting any more dramatic thrusts of Bitcoin . I would set a solid S/L at 41 cents given the low of $XRP at this present moment. That's a solid risk reward ratio and I think given where the indicators are.
We'll see where things end up!
I'm probably not going to specifically monitor this one any further. Take profits accordingly and enjoy everyone! (Not Financial Advice)