And what now?

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Okay, so now you know, why we make analysis and not poems. Ripple is in the consolidation phase. Volumes are average, RSI too. EMA (20) is a resistance. But the trend lines and patterns are interesting. The rectangle pattern appears and shows us, that XRP could go even lower, than it already is. Now we are standing in front of the big question. Will Ripple cross the resistance and go finally up? Or will it go to the rock bottom? Only the time will tell.
However, here are our two cents. Many people consider XRP as the future of payments and that is why we think, that XRP has the power to cross the resistance, break the bearish trend and go up. But if we did not know anything about XRP and saw only this analysis, we would say it will go even lower, than it already is. So pay close attention in the next few days, because we will witness something incredibly awesome or horrible.

If our analysis helped you and you like keeping the analysis simple, please give us a like, because that is what we eat for dinner.

Also we are more than willing to answer all your questions. So if you have anything you want to know, just leave us a comment. :)

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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