XRP has retested its 78% retracement today and bounced again. It is now in an uptrend going up to the downtrend from that major retracement.
We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR.
currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band.
Looking good, the next 4-8 hours will tell us way more.
Note that a break of 1.2 and retest of 1.7 should move the MACD on the daily in a uptrend which would mean much more upside.
The graph on the 4hour is even more interesting with MACD just about to cross and the middle of the boilinger band just around the downtrend. 1.2 will be an important test.
We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR.
currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band.
Looking good, the next 4-8 hours will tell us way more.
Note that a break of 1.2 and retest of 1.7 should move the MACD on the daily in a uptrend which would mean much more upside.
The graph on the 4hour is even more interesting with MACD just about to cross and the middle of the boilinger band just around the downtrend. 1.2 will be an important test.
