On Oct 7, XRP rallied up from 0.2570, breaking through level of 0.2640 and reaches level of 0.28620 on Oct 08, previous support on Sep 19. Prices was then pushed back down to level of 0.2640, its previous resistance on Sep 30, now turned support.
Also notice that from Aug 28 to Sep 16, there was a strong consolidation of prices, before the bulls prevailed by breaking through the price of 0.2640 and pushes price up to level of 0.3243.
Additionally, higher lows and higher highs were formed from Sep 24 to Oct 11, which shows that buyers were willing to buy at a higher price to push up the price of XRP. From these price actions, prices may potentially continue to rally to level of 0.3042.
However, if the bears were to prevail to push down prices, price may potentially break the level of 0.2640 and plunge to level of 0.2480, the previous strong support on Oct 03.
Overview
Maintain Bullish stance as prices is continuously forming higher highs and higher lows and RSI is showing strong sign of strength in market price.
(Key price level to watch closely ---> 0.2640)
Feel free to Share your thoughts, ideas about the market under the chart below.
Please do Like it if you agree with this analysis. This will be the best feedback and encouragement for me!
Good trading & We will speak soon!
Leo_X
Also notice that from Aug 28 to Sep 16, there was a strong consolidation of prices, before the bulls prevailed by breaking through the price of 0.2640 and pushes price up to level of 0.3243.
Additionally, higher lows and higher highs were formed from Sep 24 to Oct 11, which shows that buyers were willing to buy at a higher price to push up the price of XRP. From these price actions, prices may potentially continue to rally to level of 0.3042.
However, if the bears were to prevail to push down prices, price may potentially break the level of 0.2640 and plunge to level of 0.2480, the previous strong support on Oct 03.
Overview
Maintain Bullish stance as prices is continuously forming higher highs and higher lows and RSI is showing strong sign of strength in market price.
(Key price level to watch closely ---> 0.2640)
Feel free to Share your thoughts, ideas about the market under the chart below.
Please do Like it if you agree with this analysis. This will be the best feedback and encouragement for me!
Good trading & We will speak soon!
Leo_X