- XRP continues to have problems breaking the current supply zone
- We did get a CRUP a few days ago, which bodes well bullish momentum going forward as long as it does not get canceled
- EMAs do look like they are started to trend higher after a week of sideways
- If we break above this supply zone, we could very quickly see $0.60 and most likely retest the highs made a few weeks ago
- A breakdown from this level could see a retest of the demand zone below near $0.41
Thanks guys!
Note
We got a massive move yesterday after posting our chart. Ripple was at $0.46 at the time of posting, right below the midline of the supply zone and has now moved up through 2 resistance zones and currently retreated back down using the S/R flip area as support.
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.
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.