XRP has been in a channel for months now. But it has recently been in a nasty bear trend under the 200MA. If it is able to break above this MA it is bound to hit the top of the channel once again at about $0.28. I will not be getting into any position yet. I will be watching 4hr for pattern formations, and i will be looking for a good entry, hopefully into a long if the positioning looks right.
The $0.28 mark has been amazing support in the past so we can expect at least some, and it this case most likely pretty hard resistance.
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Forgot to mention the slight activity of the MACD on the 1D. Could be a good signal
Yes it wi.ll break that down trend next couple of months or weeks ?
Acemoisan
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@GranuleSacks, Don't see it breaking any trend any time soon im expecting it to stay within this range hitting support and resistance. I'd say weeks until it hits bottom trendline