XRP Weekly Analysis
The price is consolidating through a descending channel.
Kumo is wide, kijun, tenkan, are acting as resistance and have been moving sideways.
ADX confirms the strength of this downtrend is strong and the width of the DIs indicate that it has possible room to go.
Stochastic had and TRIX are very oversold but do not look as if they will be have any strong bull crosses in the near future.
XRP has some very strong psychological support which is plotted in purple.
My weekly analysis price range estimate for XRP is:
Low - 0.49614
High - 0.54094
Kumo is wide, kijun, tenkan, are acting as resistance and have been moving sideways.
ADX confirms the strength of this downtrend is strong and the width of the DIs indicate that it has possible room to go.
Stochastic had and TRIX are very oversold but do not look as if they will be have any strong bull crosses in the near future.
XRP has some very strong psychological support which is plotted in purple.
My weekly analysis price range estimate for XRP is:
Low - 0.49614
High - 0.54094
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.