XRP Update - Why is XRP not moving❓
Updated
Hi people from Tradingview and my lovely followers.
I want to give all of you a quick update on XRP. So, as you can see, that XRP has had some resistance close to the $1.30 area. The price was rejected there multiple times.
So, what do we see on the chart?:
- XRP is creating a bull flag pattern.
- Maybe the median of the Bollinger Bands can act as support.
- XRP is still trading above the 50 EMA .
What could be against the price going up?:
- We see a divergence. The price made higher highs but the RSI made a double top .
- BTC is not acting really strong.
Conclusion:
I think that it's pretty normal that XRP is taking a "break" because it already had a run. And as we can see, it's forming a bull flag . If the bull flag plays out, that means that we will get passed the resistance level of $1.30 and our next target will be around $1. 40 . But, I think you should keep an eye on XRP cause I don't trust it. That's it for this analysis. If you love XRP or crypto, follow me ;). See ya✌️
❤️Don't forget to support this idea with a like❤️
I want to give all of you a quick update on XRP. So, as you can see, that XRP has had some resistance close to the $1.30 area. The price was rejected there multiple times.
So, what do we see on the chart?:
- XRP is creating a bull flag pattern.
- Maybe the median of the Bollinger Bands can act as support.
- XRP is still trading above the 50 EMA .
What could be against the price going up?:
- We see a divergence. The price made higher highs but the RSI made a double top .
- BTC is not acting really strong.
Conclusion:
I think that it's pretty normal that XRP is taking a "break" because it already had a run. And as we can see, it's forming a bull flag . If the bull flag plays out, that means that we will get passed the resistance level of $1.30 and our next target will be around $1. 40 . But, I think you should keep an eye on XRP cause I don't trust it. That's it for this analysis. If you love XRP or crypto, follow me ;). See ya✌️
❤️Don't forget to support this idea with a like❤️
Comment
Oh and btw, if the 50 EMA will catch up - it can act as support too.Comment
❤️Don't forget to support this idea with a like❤️
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.