Hi people from Tradingview and my lovely followers.
I want to give all of you a quick update on XRP. So, as you can see, that XRP has had some resistance close to the $1.30 area. The price was rejected there multiple times.
So, what do we see on the chart?:
- XRP is creating a bull flag pattern.
- Maybe the median of the Bollinger Bands can act as support.
- XRP is still trading above the 50 EMA .
What could be against the price going up?:
- We see a divergence. The price made higher highs but the RSI made a double top .
- BTC is not acting really strong.
Conclusion:
I think that it's pretty normal that XRP is taking a "break" because it already had a run. And as we can see, it's forming a bull flag . If the bull flag plays out, that means that we will get passed the resistance level of $1.30 and our next target will be around $1. 40 . But, I think you should keep an eye on XRP cause I don't trust it. That's it for this analysis. If you love XRP or crypto, follow me ;). See ya✌️
❤️Don't forget to support this idea with a like❤️
I want to give all of you a quick update on XRP. So, as you can see, that XRP has had some resistance close to the $1.30 area. The price was rejected there multiple times.
So, what do we see on the chart?:
- XRP is creating a bull flag pattern.
- Maybe the median of the Bollinger Bands can act as support.
- XRP is still trading above the 50 EMA .
What could be against the price going up?:
- We see a divergence. The price made higher highs but the RSI made a double top .
- BTC is not acting really strong.
Conclusion:
I think that it's pretty normal that XRP is taking a "break" because it already had a run. And as we can see, it's forming a bull flag . If the bull flag plays out, that means that we will get passed the resistance level of $1.30 and our next target will be around $1. 40 . But, I think you should keep an eye on XRP cause I don't trust it. That's it for this analysis. If you love XRP or crypto, follow me ;). See ya✌️
❤️Don't forget to support this idea with a like❤️
Comment:
Oh and btw, if the 50 EMA will catch up - it can act as support too.
Comment:
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