Ascending wedge pattern
Bearish divergence on the OBV
Positive Movement about to go below 25 line on the DMI
XRP rocket needs to refuel before continuing its upward movement. A touch on the border of the Value Zone (0.000079-0.000080) (also 0.382 fib) would be a wonderful refueling station.
Ex-ZCL dev team made an announcement yesterday saying that they would be starting the application process for new dev teams interested in taking over the project. It seems like everyone thought the takeover would be less strict and with a September date to announce the winning takeover dev team people got impatient and decided to sell.
Let me start by saying...
DMI shows declining Negative Directional Movement (bear pressure), ADX line below 25 means weak trendforce.
Stoch RSI shows a hidden bullish divergence in relation to recent price action.
Possible triple bottom? (does it count as such?)
Bears are getting exhausted, if ZCL manages to break above 67-68 range we could easily see a target of 7387.