XRP seems to be building a strong support before the long-awaited rise, and we are likely to see this very soon.
As was mentioned in my previous ideas, the next quarter is expected to be a very promising quarter for the XRP USD pair, and the way the price is resisting to sales and also recovering at the moment, despite a bitcoin struggling, comforts the strength of my idea.
The weekly MACD is ready to go into the buying zone, a sign that the strength of sales is running out, in the same way that the RSI is going into the buying zone above 20, the price oscillator is still below the median zone and it would be nice to see it come close to the latter, a passage above 0 would in my opinion be the trigger for massive buyers to take control of the price. This is something that I am following closely, because the benefits to be taken will be very interesting in my opinion, and I will come back to you very soon to update the idea.
But before that It will be very interesting to see how the price will react to a first test of the upper band in the 0,45 $ area.
Guys If you like the idea, do not forget to like it, it will give it more visibility to other traders. In case you think differently, do not hesitate to share your comments.
@Alien_Vision, My long term analysis looks for the area of 20 $ by the end of December, but I think that it's hard to predict what the market will do over a long term
ZouhairMOUTAANNI
⋅
@Alien_Vision, But yes if history repeat itself, we are likely to go around this zone, maybe lower, maybe higher, market will decide, and we will be ready to take benefits whatever the case