XRP AND A VOLATILE WEEK 3.9.26🌫️ Hey hope everyone is doing well. Don't have too much time so gonna keep this super short for now.
🌫️ For those that have been following along, we've still got our XRP trading within the horizontal channel as this tug of war continues. Pretty clear that we struck some hard resistance at that $1.45 as expected before we retraced.
🌫️ Main factor for that move would likely be due to the impulse wave up we had on the 4th so it was hard to sustain the buying and momentum which gave bears the upper hand at that resistance, especially once our 20 day EMA drifted too far from the 200 as the 20, 50 were reeled back in ultimately forming another death cross and short sell-off after to $1.35 before we saw another retest of support at $1.34.
🌫️ Personally, doesn't seem like much of a crazy week, the markets still trying to find it's footing but it's great seeing the break up above $1.40 which signals to me that we still have more than enough strength to keep going up, traders are just paying mind to the current markets volatility with the geopolitical issues and tensions this month.
🌫️ For now I'd watch the technical and EMA's, main thing is the 200. We want to regain that but if we can't at the very least looking to keep that support above $1.34. I've set a price alert should we drift and breakdown below but chances are we'll keep trending within this overall horizontal channel till we get a solid breakout to one direction or another so ongoing volatility for now.
🌫️ Appreciate everyone as always, thank you for everything and have a great week. Keep trusting and keep pushing, things work out.
Best regards,
~ Rock '
