Hi all,
Looking at XRP it made good progress indeed, but it suffered one more rejection at $0.20, so the zone above it remains our next target up. Good news is that the coin managed to surpass the downtrend line that was started at the beginning of the month and it could easily turn into support followed by the short-term EMAs.
The 24-h trading volumes increased by 27 percent since yesterday afternoon and reached $2.3 billion.
Nothing interesting on the 1-h chart where we are in a sideways consolidation for the last 24 hours, which might result in a bullish rectangle formation.
Cheers,
Looking at XRP it made good progress indeed, but it suffered one more rejection at $0.20, so the zone above it remains our next target up. Good news is that the coin managed to surpass the downtrend line that was started at the beginning of the month and it could easily turn into support followed by the short-term EMAs.
The 24-h trading volumes increased by 27 percent since yesterday afternoon and reached $2.3 billion.
Nothing interesting on the 1-h chart where we are in a sideways consolidation for the last 24 hours, which might result in a bullish rectangle formation.
Cheers,
