Sunday analysis. Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents. Good Risk/Reward here.
Ascending Triangles target is around 0.83 cents, 50% move.
Price has respected nicely the 9EMA support (picture below)
Check out my analysis about DYDX or GOLD which are still active
-PalenTrade
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Here we can see better the 9EMA respected as support and previous highs trying to break. The higher resistance level is stronger, but when broken there is well space for a bigger move
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Beautiful backtest of key level (previous highs). Still 0.566 is the big resistance
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Testing the 0.566 resistance. Let's see if price can get through and close above it on daily. If it can, 1st target 0.673 area. If not and we fall throught previous highs, we have our risk calculated accordingly!
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We got real nice close above the .566-57 area, and perfect backtest of the previous resistance. First target ~0.673
Trade closed: target reached
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Beautiful move after the price broke the levels we talked about. First target hit (22%)
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Funny. I have been following XRP price action and it started to look weak if 9EMA had been broken. Buying pressure found! From the 9EMA support which has proven itself a few times. Still waiting for the 2nd target $0,91-$1. Patience is rewarded!
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What a volatility! A daily close above the Doji candle would be important, or at least above the 0.681 level. I'm staying bull as long as the 9EMA holds. If that is broken and we get a bigger flush XRP might go test 0.566, the key level from previous highs.