Unless Xrp breaks and closes above the resistance level depicted above (around the 0.45 region) it will retest the 4hr trendline. If XRP respects the 4hr trendline it could form a bullish pendant where it will most likely go and test the highs of last week.
If the 4hr trendline is not retested and XRP breaks down It will continue to move sideways and retest solid support at 0.36-0.37 where I will be looking to accumulate. Since this coin has had so much volume recently it is a real 50/50 between the bulls and the bears as it could be pumped again as much as it could dump back to resistance.
Be careful trading this one for the moment guys and make sure you are looking at key closes, hope you all do well.
If the 4hr trendline is not retested and XRP breaks down It will continue to move sideways and retest solid support at 0.36-0.37 where I will be looking to accumulate. Since this coin has had so much volume recently it is a real 50/50 between the bulls and the bears as it could be pumped again as much as it could dump back to resistance.
Be careful trading this one for the moment guys and make sure you are looking at key closes, hope you all do well.