XRP came back down to its breakout zone and found support before resuming its upwards move. As stated yesterday, it found resistance at both POC areas before stalling where it is now around the 1.618%FIB level. RSI seems to be slowing down here but still has room to move higher before needing to cool off and the MACD histo is almost on positive territory while the signal lines have already slightly crossed bullish.
Any move higher would depend on Bitcoin's continued move higher and a breakdown would drag everything down no exception. As always, enter trade near support or resistance for the best risk management.
Thanks guys!
Any move higher would depend on Bitcoin's continued move higher and a breakdown would drag everything down no exception. As always, enter trade near support or resistance for the best risk management.
Thanks guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.