XRP currently forming a clear uptrend channel, with a short-term level approaching of .3035 (the weekly MA).
If .3035 proves resistance once again, I would expect XRP to return lower to the bottom of this uptrend channel, only to later retest .3035.
Once XRP breaks above .3035 on the daily, the target would then be the .3150 to .3200 range.
All levels assume...
XRP prepares for a large sell off; unless it breaks this clear pattern for the first time after the last two similar cases.
Stoch is again on a high on the daily perspective, and the last two cases, XRP made moves starkly to the downside.
I am labeling this a neutral call, as I am waiting for a cheaper entry point to buy and go long. I am not actively...
XRP briefly appeared to be poised to break out of its long standing downward channel; however, the two most recent surges have been immediately challenged with significant and rather swift selloffs.
The purple lines represent the clear downward channel on the daily chart that XRP has not been able to break through to the upside with any real strength or...
