My feeling is that XRPUSDT will respond here with a move to the upside. Bollinger bands are narrowing out and this should indicate a bigger move one way or the other but with the 20 and 50 MAs in a good position in relation to the 200, I would see likely the move will be positive to the upside.
Also showing some interesting divergence on the Stochastic RSI.
Also showing some interesting divergence on the Stochastic RSI.
Note
On the three hour chart it does look more difficult to muster the momentum upwards but it is still possible. There is also the potential for a temporary move back to support before the next leg higher. But my feeling is that it is not too far off a rally scenario.
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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.