So XRP has been acting real cool lately, and I don't think its about to stop.
1st of all, in the fundamental side of things, if this SEC lawsuit gets dropped we can see a huge positive push for Ripple.
2nd. Tech Analysis seems clean, there no exhaustion from the bulls at all (as seen on the MACD), the price is testing that 200 ma in the daily, but in the 4h it has already surpassed it, so that is a good sign.
RSI (14) on the weekly chart, we could see that it broke a certain resistance that it has been testing, so I take it as a strong sign. I see the ideal target to the 0.5 (1.23) fib retracement level and stop loss around that support zone (0.6978).
Take Profit - 1.23
Stop - 0.69
Opinions?
1st of all, in the fundamental side of things, if this SEC lawsuit gets dropped we can see a huge positive push for Ripple.
2nd. Tech Analysis seems clean, there no exhaustion from the bulls at all (as seen on the MACD), the price is testing that 200 ma in the daily, but in the 4h it has already surpassed it, so that is a good sign.
RSI (14) on the weekly chart, we could see that it broke a certain resistance that it has been testing, so I take it as a strong sign. I see the ideal target to the 0.5 (1.23) fib retracement level and stop loss around that support zone (0.6978).
Take Profit - 1.23
Stop - 0.69
Opinions?