XRP continued to have trouble getting above the $0.46 POC level and as Bitcoin fell this morning it dragged Ripple and the rest of the market down with it as we had mentioned in previous posts.
We have however bounced right at the bottom of this demand block and moved back above. A close above here on the daily would be very good for bulls but at the end of the day, we NEED to break this $0.46-$0.48 resistance zone.
The EMAs are starting to curl lower and a bearish crossover wouldn't be too heartwarming for bulls. As long as we remain support here at this order block, we are still good.
Thanks guys!
We have however bounced right at the bottom of this demand block and moved back above. A close above here on the daily would be very good for bulls but at the end of the day, we NEED to break this $0.46-$0.48 resistance zone.
The EMAs are starting to curl lower and a bearish crossover wouldn't be too heartwarming for bulls. As long as we remain support here at this order block, we are still good.
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.