Yokoj

XRPUSD technical and fundamental analysis

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KRAKEN:XRPUSD   XRP
There is not much news coming out on ripple right now, and the market is very slow, with very low volatility. However the general feeling is mostly bearish, in order to see a bull run we need to sustain over the 0.40 USD region.
How ever in the short term, we can see the 8EMA is acting as a support and it just crossed over with the 18MA, which predicts a upwards trend. How ever I don't believe we will be seeing a big clim, but it can easily reach the 0.322 USD / 0.323 USD.
That upward trend can easily be followed by a fall to the 0.314 USD region.

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