Good morning everyone,
I am bringing you what I believe the trend reversal for XRP would look like given the ripe conditions. Obviously, we have been in a massive downtrend for a very long time, indicators pointing blood in the streets, uncertainty of BTC future price (people calling for <5k but there is recent temporary hope of going up), Mac Miller passing away and Sean Paul marrying a man.
Nevertheless, there is a very subtle hint at trend reversal across BTC and respectively some of the alts given most of them took a Tyson punch and hit very low levels.
At the XRP/USD we need to be looking at a HL soon so that we have something positive to trade long against. On the chart, I have taken out indicators and just looking at horizontal resistance zones - RED and descending current trendlines - BLUE. The arrows represent expected move up in a trend reversal from bearish to bullish in the short-term. You all know that once the Ripple SpaceX launches, it goes vertical, anti-gravity phenomenon but until then it would test new HL supports and make new HH.
Thanks for reading!
I am bringing you what I believe the trend reversal for XRP would look like given the ripe conditions. Obviously, we have been in a massive downtrend for a very long time, indicators pointing blood in the streets, uncertainty of BTC future price (people calling for <5k but there is recent temporary hope of going up), Mac Miller passing away and Sean Paul marrying a man.
Nevertheless, there is a very subtle hint at trend reversal across BTC and respectively some of the alts given most of them took a Tyson punch and hit very low levels.
At the XRP/USD we need to be looking at a HL soon so that we have something positive to trade long against. On the chart, I have taken out indicators and just looking at horizontal resistance zones - RED and descending current trendlines - BLUE. The arrows represent expected move up in a trend reversal from bearish to bullish in the short-term. You all know that once the Ripple SpaceX launches, it goes vertical, anti-gravity phenomenon but until then it would test new HL supports and make new HH.
Thanks for reading!
