Ripple (XRP) has been pumping higher for the past few hours, but it has now already reached a strong resistance. We got rejected right at the golden pocket (0.618 – 0.65 Fib. retracement level).
At the moment we are trading at around USD 0.35 and thus again below this resistance. Currently the monthly support P gives us additional resistance that it will not go lower again.
The trading volume is still decreasing and not increasing despite the upward movement. We do not want to see this in an uptrend and speaks for weakness in the market, which could bring us down.
On the daily chart, we form a double bottom chart pattern at a higher level, which, however, is accompanied by low volume even on the larger timeframes. This could nevertheless mean our trend reversal.
For this we definitely have to leave the Golden Pocket and the 0.786 behind us. There is also a former support area here, which now represents resistance.
If we manage to leave the area around USD 0.39 behind us, our chart pattern and the long-awaited trend reversal could play out and XRP bullish weeks are imminent.
My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange!
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAIWomplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free!LiteCoinPay -
The #1 FaucetPay earner for LitecoinLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily
Comments
Post a Comment