Xrp to Rise?
Looking at the graph, higher lows are being formed on the 4H chart. The MACD shows earlier the 12-day EMA dropped below the 26-day EMA, the stochastic and CCI both confirm a slight drop. However, now the stochastic is low, the MACD 12-day EMA has started to rise and is at the point where it is looking it could pass the 26-day EMA. The slight dip in indicators could have been a whipsaw and we might start to see a small rise in Xrp again.
On the other hand, the 1H chart shows something a bit different. The stochastic is high, the CCI is high and the MACD is on the rise. This could indicate a small retracement before the rise in the 4H chart.
Overall I'm Bullish on this to take some profit. Keep in mind there is no confirmation we are out of the Bearish trend yet, but things are slowing down in my opinion.
This is my opinion. I am not a financial adviser. This is information for analysis and educational purposes only.
On the other hand, the 1H chart shows something a bit different. The stochastic is high, the CCI is high and the MACD is on the rise. This could indicate a small retracement before the rise in the 4H chart.
Overall I'm Bullish on this to take some profit. Keep in mind there is no confirmation we are out of the Bearish trend yet, but things are slowing down in my opinion.
This is my opinion. I am not a financial adviser. This is information for analysis and educational purposes only.
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