XRP tried numerous times to get above the sell block after tagging the 50%FIB over the weekend and now we have moved back below. We are currently testing the support of the trendline for the second time now and if we do break lower, the dotted blue line could be the next spot we see.
EMAs look like they are about to crossover bearish again after last weeks bullish cross. Volume also seems to have completely dried up here.
For Ripple to get its legs back, it needs a push past this $0.47 block in order to restest $0.55 & $0.60. Any weakness in Bitcoin could further give Ripple the push it needs here to break this trendline and test lower so keep an eye on this.
Thanks guys
EMAs look like they are about to crossover bearish again after last weeks bullish cross. Volume also seems to have completely dried up here.
For Ripple to get its legs back, it needs a push past this $0.47 block in order to restest $0.55 & $0.60. Any weakness in Bitcoin could further give Ripple the push it needs here to break this trendline and test lower so keep an eye on this.
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.