XRP rallied through the past 12 hours and now on a clear decline even though price is moving up the RSI is showing a very bearish signal. We need the RSI to break higher to confirm a move.
The only support is currently the .618 FIB once this breaks we will head down to .0000801 region.
Indicators are telling us that more then likely we will break low on this move and see a decline volume is falling out of XRP, there was some fundamental rumours that created a short lived pump now its time to exit.
To confirm a break up we would need to close over the 100day ema, have volume break out of blue arrow and also see the RSI break out over 50 (in theory break out low is the clear option)
We may see some sideways action at the moment we have no momentum to go up and a fall is definitively in play.
Get out if we break the .618 fib.
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The only support is currently the .618 FIB once this breaks we will head down to .0000801 region.
Indicators are telling us that more then likely we will break low on this move and see a decline volume is falling out of XRP, there was some fundamental rumours that created a short lived pump now its time to exit.
To confirm a break up we would need to close over the 100day ema, have volume break out of blue arrow and also see the RSI break out over 50 (in theory break out low is the clear option)
We may see some sideways action at the moment we have no momentum to go up and a fall is definitively in play.
Get out if we break the .618 fib.
Follow me to earn and learn!
