XRP has broken out from the downtrend bearish channel by breaking the downtrend line and confirming it as a support level.
Currently the 4h technical aspects are looking very bullish and strong bullish momentum will be seen as the volume is increasing.
RSI is above 60 and MACD on a strong buying wave, last confirmation will be the 20 and 50 buy signal.
The target levels are located at:
$0.64 - 7% profit
$0.68 - 14% profit
$0.74 - 25% profit
$0.78 - 30% profit
Thanks for your time and good luck with this XRP trade!
Cheers, Tibor.
Currently the 4h technical aspects are looking very bullish and strong bullish momentum will be seen as the volume is increasing.
RSI is above 60 and MACD on a strong buying wave, last confirmation will be the 20 and 50 buy signal.
The target levels are located at:
$0.64 - 7% profit
$0.68 - 14% profit
$0.74 - 25% profit
$0.78 - 30% profit
Thanks for your time and good luck with this XRP trade!
Cheers, Tibor.
Comment:
First target of $0.64 - 7% reached under one hour!
Comment:
At first look the 13% drop can bring some bearish thoughts, but looking at the one hour time frame uncovers a very much bullish outlook.
The 13% dipped was bought into and resulted in 10% spike to the upside, creating a recent high at $0.628.
RSI is still above 60, still showing a strong bullish potential while MACD is still on a buying wave.
And a clear second bounce from the 20 EMA also confirms a strong bullish 1h trend.
The 13% dipped was bought into and resulted in 10% spike to the upside, creating a recent high at $0.628.
RSI is still above 60, still showing a strong bullish potential while MACD is still on a buying wave.
And a clear second bounce from the 20 EMA also confirms a strong bullish 1h trend.
