XRP - Decision time nears for Ripple
Updated
XRP continues to oscillate within this triangle/bull flag awaiting a move in either direction. We are currently stuck in a supply zone and have remained here for the majority of the week indicating consolidation before volatility resumes and we get a break in either direction.
RSI does seem to be testing resistance again, which does show some bullish pressure while MACD currently remains totally flat. It might be too soon to call a direction, therefore waiting for Bitcoin to move might be the smart play here.
Thanks guys!
RSI does seem to be testing resistance again, which does show some bullish pressure while MACD currently remains totally flat. It might be too soon to call a direction, therefore waiting for Bitcoin to move might be the smart play here.
Thanks guys!
Note
XRP has tried testing the upper resistance but has come down yet again. RSI is trying to break out here so something to keep an eye on!Note
The RSI wanting to test higher was an indication that there might have been some juice left in the tank and XRP did in fact break and test higher twice before failing and moving back down testing the demand zone around $0.53.
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