$XRP Consolidation Area of Interest
Ripple currently holding the 2 hour 50ema very well during this period of consolidation. Rounding out the bottom here and curling up while riding the rising support trendline up. BBands getting tight signifying a potential big move incoming, MACD has crossed to the upside as a lagging confirmation and RSI says there's plenty of room to run if XRP wants. Looking for a pop on good volume to take XRP back to prior highs.
Failure on this idea would be a 2 hour close below the low of the 'cup' area with heavy volume under about 3500 sat.
Failure on this idea would be a 2 hour close below the low of the 'cup' area with heavy volume under about 3500 sat.
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