XRP looks to be getting ready to move.XRP holders have been waiting for a long time for the conclusion of the SEC vs. Ripple case. Many XRP holders, including many Whale's, have been topping off their positions the past few weeks.
Ripplevssec
🚀🚀🚀 XRP what's next? Very large VOLUMES! 🚀🚀🚀Hello everyone,
Unfortunately, we haven't seen a breakout of the trend line, what next?
There are several scenarios. I personally took a position at $ 0.69 on a LONG with a stop loss below the local low. I'm counting on another breakthrough attempt.
The main resistances are marked with a dashed green line. The close of the candle below the red line (resistance) will mark a descent to the last key position for XRP $ 0.55.
This week you can see large VOLUMES, which positively indicates a rebound in the price.
We also have divergences on the RSI. Increasingly higher, lows on the chart and decreasing ones on the indicator indicate a bearish.
Higher lows and vice versa on the RSI speak of a bullish move. So we have an unclear situation.
One thing is that we stopped at substantial support. Breaking it will create a medium-term doubletop, and then only a continuation of declines.
From the fresh news regarding the SEC vs XRP case.
Ripple took another victory over the Securities Commission.
The judge rejected another SEC request that was intentionally delaying the end of the case.
As a result, the re-introduction of XRP to the market may be faster than expected.
Comment and like,
Regards
XRPUSD(4HR) : XRP experiencing slow and steady growthMarket in the last 24hrs
The price can be seen moving in a slight bullish momentum as it moved from the middle to the upper Bollinger band. The trading volume has been high in the last 24 hours can be seen increasing throughout the day.
Today’s Trend analysis
The price is expected to move in an overall bullish momentum as the trading volume can be seen increasing with an increase in price.
Price volatility was low at approximately 4.95%, with the day's range between $1.07 — $1.13.
Price at the time of publishing: $1.12
XRP’s market cap: $52.41 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
