Analyzing the weekly chart we can see that xrp has reached the point of most resistance in and around the .30 cent range.
Bollinger the $0.30 range is significant because we have reached the point where most resistance is shown on the VPVR and we have also reached the bottom line of a triangle. -We have touched the bottom band on the bollinger- if we were bullish, expect a push to .65 - .80 last true resistance to ascend upward to 1.00 (band top) where we should break through.
EMA ranges: .50/ .60/ .67/ .71 with .80 sitting as resistance. (I expect to touch 20/50, minimum .70)
We are still under the ribbon- a ribbon reversal would put us in and around the .70 cent range (where I ultimately see it going)
Longer term outlook:
Bullish: Close over .55 cents
Estimated price ranges for a bullish reversal - using another analytics FIBS: .70, 2.82, 3.68, 4.20
Bearish Scenario: .10 cents - Any lower and nobody knows….
I am playing it safe at this time. Too much uncertainty and possible manipulation in play.
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