Well it looks as to have an uptrend for now. I decided to do a small buy at the first yellow circle and another buy at the next one. With the trend I see with the candles and trendlines it could very well break through this .25 resistance and possibly head to .27 or the bigger resistance from .34. The pink is prediction for what can happen in a couple of hours. It has been breaking through these resistances with ease. Not financial advice. DYOR.
Comment:
For the past couple of days XRP has been in a consolidation area between .24-.23 area. It has been testing the .24592 resistance for a couple of days and retreated back down a bit. With multiple testing on the resistance and finally breaking it a few moments ago. I dont see any reason why XRP will head back down before getting rejected a one of those trendlines from the month of August. I picture two scenarios: the cyan line, or the white line. It also has to cross that . 25X resistance area . As see the DXY looks like it on a downtrend. Multiple people, or their ideas, is that BTC will hit 11,400 area then get rejected and there will be the bounce. With elections coming up, and 2021 to be the next Bull Cycle. I believe there will be a lot of volitility in these upcoming months. Not financial advice. DYOR. Use Due Dilligence.
Comment:
The Cyan would be the closer treadline while the White line would be the one furthest away.