Here We Go $XRP $XRPUSD #Crypto

22 בפבר׳ 2020

Weekly
Looking at our higher time we see XRP made a run from $0.26 to $0.35, however, the price did not close above $0.30 and has since been howvering our existing support. The weekly shows price has remained in an uptrend, however, this week's candle does look bearish and momentum is in favor of the bears. Let's not forget last time the price was here we had a parabolic run.


Daily
Shifting over to our pattern timeframe we see XRP sitting at our support of $0.27, stochastic rsi showing momentum in favor of the bears and we could see some continuation towards the downside. A daily close above $0.27500 and we should see a push towards the upside, however, if rejected from this level expect a sell-off towards $0.2400


4Hour
Finally looking at our trigger timeframe we see XRP has formed a double bottom at our $0.2700 support, stochastic rsi showing momentum in favor fo the bulls. A 4hour close above $0.27500 is a good sign XRP will push towards $0.3000, last time XRP was at this price we saw a push from $0.2700 to $0.3500