After testing and getting rejected from a 0.702 fib. level ($1.65) XRP is consolidating right now. For now all we could say that we've just back tested a 0.382 level ($1.31) and will see if we go any lower. On 15min chart the buy volume has already started to increase with RSI showing some bounce back up from the oversold area. With the first altcoin booming (ETH) (i will ignore DOGE cause it is a coin where my logic and understanding of a market ends) we could argue that we may not get lower, but even if that does happen a 0.236 level should hold.
Be patient and be well.
I am not a financial advisor and nothing here is a financial advise.
XRPUSD
Be patient and be well.
I am not a financial advisor and nothing here is a financial advise.
XRPUSD
Comment:
Here is a buy volume increase on a 15 min chart with a RSI bounce up
Comment:
To really confirm that we are on the way up from here, we have to have a clear break upwards through from the orange resistence line.
Comment:
And the last one, how i see personally see this current (boring) price action in colors. Also the areas where price could theoretically still move to.
Comment:
Let's gooooo..