Hi to all, this is my idea on XRP,
Please comment if you agree or not with this idea.
XRP price just bounce with a little bit of trouble form the EMA200 and break the neck line from the previous H&S pattern, this means that the bearish market end.
The MACD and the RSI also are ready to support this movement.
Enter Price above the neck line: 0.23
I expected a retrace to about .38 (by coincidence fib retrace and price), but I expected it to take a little bit longer. In any case this is about a perfect scenario to buy back in as everything is setting up for a reversal and it shouldn't be long before it starts heading back up toward .48 and beyond. Look for a strong weekend and keep your eye on the volume ...
Currently breaking out of an ascending triangle while currently in an uptrend. The current uptrend should give us the confidence to believe that with continued volume we should see about .325 fairly soon "if" the candle closes above the trend line.
MACD looking bad, and still need a breakout above that Ichimoku cloud. Banks found a way to circumvent XRP. Fundamentals do not look good moving forward.
Banks have no intention of mass adoption of XRP, they will copy the tech and do their own thing. Just my opinion......
We have been riding down this channel for a good while now... looks like things should change in the coming week finally.
As with all crypto of course it depends on what BTC is doing when these alts try to make moves up. Anyhow I think we should get a bounce around .288ish which if BTC is still falling around .259ish anyhow hopefully we shall see some movement soon!