ShanghaiCrypto

XRP trying to break trendline resistance

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KRAKEN:XRPUSD   XRP
If xrp does close above the trendline on the daily, we are then looking at the 50-day EMA, which is a strong resistance level. Breaking that will be a very bullish sign.

The MACD is looking good. On-balance volume ticking up. Moving averages are flat against each other.

If we reject from the trendline or 50-day EMA then we can expect a deep drop.

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