XRP has been performing quite amazing as of late with us rebounding out of the bearish triangle with a gain of nearly +60%, we had a little cooloff recently after our hot run to the upside. Now it seems we may see a little sideways price action before then jumping up another leg. Our main target or first goal would be the 0.2 FIB level at 0.903 cents, breaking through here is going to give us some bullish momentum to push us further inbetween the 0.2 FIB and the 0.3 FIB where the 1$ mark sits. Looking at the bollinger bands we had a strong run up along the top band and have since fallen off during our cooldown phase, we have the midline rising as an added layer of support but we are still not very far off that top band, the whole goal would to be like i said get up and above that 0.2 FIB level, doing so will also put us in a position to grab ahold of that top band once again to make that next explosive move up! now the RSI looks great the main thing here is we regain the midline, now of course we need to see this hold but ultimately this puts us back into a confirmed uptrend aslong as we can steadily hold this level! Also have the yellow SMA pushing up and above the midline is a big deal aswell, this adds another layer of support and gives us a stronger chance of holding above here longer term. Now the MACD we are looking good we still have some big separation with the blue MA on top which effectively makes it more difficult to trigger a bearish cross, now our histogram is decreasing and has been for a little bit now but what im looking for is a flatten out of the green bars and the start of another bullish macd cycle, this would be seen if we notice our green bars beginning to increase yet again! Now what could happen is we see a decrease all the way down to the midline area before getting a bounce off the orange MA, this would fake out a handful of traders making them think a bearish cross is coming before then reversing back bullish! Not financial advice just my opinion!
