Hi all,
Good old XRP and its mysterious ways.
It keeps up trading above the uptrend, still, it is not able to achieve a major breakthrough and establish a solid move up. It is true it printed a new higher high at $0.211, but it could extend it to $0.215. We are also below the 200-day EMA, so XRP is not looking like it's about to turn the tide anytime soon.
If we zoom out to weekly, we will see that XRP stabilized at $0.192 after it bottomed at $0.146 back in March. The $0.192 line was also its lowest point back in December, so a pretty stable level. But the uptrend had already lost its momentum and the price was immediately rejected at $0.22 - another solid horizontal line from last autumn.
What I would say, is to wait and see if a potential money flow to alts can trigger a push towards $0.22 that once surpassed will open the way to $0.24 and a gap up to $0.30
Still, I really cannot say "ripple" is alive and attractive asset for trading.
Cheers,
Good old XRP and its mysterious ways.
It keeps up trading above the uptrend, still, it is not able to achieve a major breakthrough and establish a solid move up. It is true it printed a new higher high at $0.211, but it could extend it to $0.215. We are also below the 200-day EMA, so XRP is not looking like it's about to turn the tide anytime soon.
If we zoom out to weekly, we will see that XRP stabilized at $0.192 after it bottomed at $0.146 back in March. The $0.192 line was also its lowest point back in December, so a pretty stable level. But the uptrend had already lost its momentum and the price was immediately rejected at $0.22 - another solid horizontal line from last autumn.
What I would say, is to wait and see if a potential money flow to alts can trigger a push towards $0.22 that once surpassed will open the way to $0.24 and a gap up to $0.30
Still, I really cannot say "ripple" is alive and attractive asset for trading.
Cheers,
