XRP is getting tighter, and as much as I fundamentally dislike the coin, I will trade it.
There is a bullish trend cross on the 4H QRsi. First target is ~2.15% up from here. SL is ~ 1.25% down.
There is a good chance of continuation here, this trade might be worth holding.
XRP is ready to GO - but volume will dictate when. If we get volume in next few days the breakout will be nice. Golden cross on 100/50 already happened, 200/50 is closing in. For the record, I dislike XRP unless profit
XRP seems coiled for action. this is a fantastic time to accumulate as much as possible for sub $0.30. XRP is floating right above major support in a massive triangle consolidation pattern that could result in a breakout to the upside. Inside the triangle the price has formed a head and shoulders. Generally, this is a bearish sign. But, given the consistent good...
Simple Chart showing my views on XRP. This is shown with a very strong Bull Daily RSI's. With increasing volume XRP looks set to make new ATH's over 25000 satoshi.
It seems that the weekly StochRSI leans towards a rejection, which would lead us to the pursuit of the downtrend until the 0.19-0.20€ support line. StockRSI seems too high to me and its retracement to an full oversold 0.00 level would perfectly bring us to late August-Early September. We have some time for quick bounces until the Monday 20th of this month and the...
As you can see from this chart, the 4h RSI trend-line has broken, as well as the bottom of the Ascending Triangle.
I dont see any immediate follow through so this might be just a poke and not a break, but keep an eye on it if you need to set a stop loss or want to go short.
