XRP seems to have found a resistance bottom, at least temporary. There also looks to be a bullish divergence on the MACD as well as an extreme oversold. If the market stabilizes, XRP could easily make a run to 0.36-38. If not, it'll move lower to 0.29 at the very least - probably further which would be pretty brutal for XRP seeing as it's almost at it's 2018 low already.
We also appear to be at a long term log support which you can see at another authors XRP post here:
We also appear to be at a long term log support which you can see at another authors XRP post here:
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It just had a drop and adjusted the base support. The drop made a descending wedge pretty clear so may have a relief rally soon following the purple line. Maybe not as high - something like 0.34/0.35
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forgot to link the chart in the update above, but here's another. It's slightly above the wedge, but still could easily be a bear trap. Most top 10 coins appear to be "stabilizing" at the moment but it could easily be the calm before another wave down
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It's making an ascending triangle and about to test it right now. If it manages to move up from the bottom of this triangle, might be a descent shot at the triangle moving up towards the 0.37 price point I mentioned earlier. We'll know in the next 1-2 hours
It's making an ascending triangle and about to test it right now. If it manages to move up from the bottom of this triangle, might be a descent shot at the triangle moving up towards the 0.37 price point I mentioned earlier. We'll know in the next 1-2 hours
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