XRP looks like it's in an early fase of a double bottom, zoomed in, on the daily chart.
- Srsi is low
- RSI is reaching oversold
- Sell volume is dropping
Good luck!
- Srsi is low
- RSI is reaching oversold
- Sell volume is dropping
Good luck!
Comment:
This bounce could possibly be dead at around .36/.37 USD cent.
The bounce so far has not been aggressive. But as you can see with previous price action around this level, did we never really bounced hard and always went into consolidation for a medium period
The bounce so far has not been aggressive. But as you can see with previous price action around this level, did we never really bounced hard and always went into consolidation for a medium period
I think a quick move down is still in the cards to trap bulls and shake out weak hands.