XRPUSD - 1D Chart Analysis
Updated
After a couple of days in which the movements didn't impress, the price finally started to accelerate the movement supported by the fundamentals and it jumped in the area between the 20 days Moving Average and the upper band of Bollinger. If the closing price of today will be higher than the opening one (creating a green candlestick on the chart above the 20 MA) it can also be considered as a confirmation of the bullish trend.
The RSI and the Stochastic are on neutral positions but the MACD is indicating that the price movement in this direction can continue as long as the MACD line crossed the Signal one and it's still above it.
If this scenario gets caught up, the possible price targets are as it follows :
* 0.34746$ (Resistance 1)
* 0.35426$ (The upper band of Bollinger)
* 0.37510$ (Resistance 2)
The RSI and the Stochastic are on neutral positions but the MACD is indicating that the price movement in this direction can continue as long as the MACD line crossed the Signal one and it's still above it.
If this scenario gets caught up, the possible price targets are as it follows :
* 0.34746$ (Resistance 1)
* 0.35426$ (The upper band of Bollinger)
* 0.37510$ (Resistance 2)
Note
Bulls are back!Note
FOMO? Ripple has proven in the past that once it's momentum starts, it can last several days. We believe that it is just the beginning.
Enjoy the waves :)
Note
Ripple price (XRP) pumps after Coinbase hints at listing more coins, Strong momentum remains.
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