Ripple bounces off critical resistance turned support on both RSI and price.
MACD continues to break upwards towards high's as can be seen to the left.
Stoch is defended at the 20 level showing potential for continuation upward, although the 80 level needs to be broken.
Golden cross (50MA breaking 200MA) has occurred, another bullish indication along with previous daily cloud break shown in prior analysis.
The larger and smaller triangles broken in the previous analysis suggest continuation.
XRP/BTC continues upwards above 5000sats.
Bottom line: A daily close above 45 cents may open the doors to 50cents and possibly 60 cents thereafter. A potential dip back to 45 cents may occur before testing 60 cents.
If a rejection of 45 cents occurs, the support will be retested.
Always be prepared for all scenario's. This is trading and no one is an oracle.
MACD continues to break upwards towards high's as can be seen to the left.
Stoch is defended at the 20 level showing potential for continuation upward, although the 80 level needs to be broken.
Golden cross (50MA breaking 200MA) has occurred, another bullish indication along with previous daily cloud break shown in prior analysis.
The larger and smaller triangles broken in the previous analysis suggest continuation.
XRP/BTC continues upwards above 5000sats.
Bottom line: A daily close above 45 cents may open the doors to 50cents and possibly 60 cents thereafter. A potential dip back to 45 cents may occur before testing 60 cents.
If a rejection of 45 cents occurs, the support will be retested.
Always be prepared for all scenario's. This is trading and no one is an oracle.