☀️Rise and shine! We've got a quick TA in here for you as usual, yesterday we tested 0.46 and formed two resistance points there with our first managing to extend up to 0.46692 so just about 0.47 which isn't too bad. Markings wise my marks still do the job and we see how we did manage to keep support above the 0.455 mark which would have been the third fall and we know how the third move is most often an important directional indicator in crypto already and so did the bulls that bought in as well to keep us from falling.
☀️Main challenge now is gonna be to reclaim that 200 EMA but I see us doing well if we can figure that following all we've been dealt with the past few days already facing the brunt of the selling that hit a few times as bears tried to pull us down but Bull/whales coming in to put a stop to the falls. Anyway stuff isn't looking too bad but our next test is still to see whether or not we catch that 200 EMA or if we'll fail and retest the 0.45 mark of support.
☀️0.459 is our short term resistance we want to break and 0.455 will be the stop loss should we fall below that until we see ourselves regain our footing above if we do fall below. Leaving it at that for you guys since it's looking like price action is searching right now for what's next with volume being relatively low right now as traders wait to see. If you'd like to leave a like or follow it'd be much appreciated! Always doing my best and offering what I can with my ideas and all, make sure to keep posted for more as usual and have a great day!
Whatever is holding the price back has got to break under something. Every possible good thing is being reported about XRP right now, but the price is stagnant like a 50cent hat.
lozoot
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@Rocksorgate bet it goes nuclear now that they all crossed.
@ElCucho, Definitely, one of the options we've got, especially if we lose that 0.45 mark though for now we have to see what market makers are feelin' like! ~ Rock '
Rocksorgate
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@lozoot, very possible though 0.46 seems to be hitting pretty hard but we're actually doing pretty good on forming these higher low's though we're still really testing that 200 EMA and we already know how quick things can go so definitely at a point where one or the other can happen quick so we're still teetering for now. But absolutely would be lovely to see us go up! ~ Rock '