XRP Ripple, Triangle and Range support/resistance
Updated
The 0.36 and 0.4 range is still in play and has been for a while now. The highs however, have been getting lower the past week which normally is a bearish sign. It looks like we have formed a channel on the left now, this one could give us an answer for what will happen for the mid-term. Even if the channel breaks, the purple zone seems to be resistance as well. On the right we can also see some trend lines, also important to watch if we do go up.
On the downside, we have that green support zone that is still working so far. A break of the 0.34, will probably mean the bear trend will resume again. It's similar to the 3600/3550 level of Bitcoin". When we look at the XRP/BTC pair, we can see it broke support of that big wedge, but so far no real drop or volume. So it could still be noise.
Previous analysis:
On the downside, we have that green support zone that is still working so far. A break of the 0.34, will probably mean the bear trend will resume again. It's similar to the 3600/3550 level of Bitcoin". When we look at the XRP/BTC pair, we can see it broke support of that big wedge, but so far no real drop or volume. So it could still be noise.
Previous analysis:
Note
Got rejection from from the triangle resistance but we have to stay above the purple zone from now on. Ideally it stays inside a bull flag. It's still falling behind compared to other alts, so it has to catch up. As i mentioned in my BTC analysis, i want to see this one make a push above that 0.4, to think the second stage of the upwards correction has started.
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