Dear friends, congratulations XRP has been ranging for one complete year.
What will be the next move in your eyes?
The chart highlights the levels of upward targets to 45 and 70 cents, downwards to 11 and 4 cents.
Let me know what boat you are in?
More downside short-term to a region of Euro Cents per XRP €0.18-0.19, then on any price action movement up, a mini pump could materialise to a region round €0.25-0.26 exiting long positions is a must and a bonus! Now if BTC dumps to €6k region then we will see XRP around €0.12-0.14 levels caution!
Indicators show, (Daily TF, Macd, Rsi) we are ready for a lift off, and IH&S is being made, could as well bart for a retest at 0.42 cent area.
Not a financial advice.
Still learning, all comments welcome!
On the W1 chart, we can see a big triangle formation which was respected very well. If the counter trend line on the D1 chart is going to break, I expect that Ripple is going to be bearish until 0.30€. If we break this triangle, we will retest it and then go higher to the next resistance which is at 0.67€.
. Ripple/Euro is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility of...