XRPUSD: congestion before takeoff
XRP is consolidating since almost 2 months now, the bears can't break the 0.1750 anymore which is the support to remove if we want to expect further downside movement.
We have huge bearish exhaustion candles on daily TF, showing bears weakness to push the market lower.
For you to know, XRP has been one of the cryptos that moved the less during the march to now period, and could catch up with a stronger upside movement.
This is why, if the market can break the current triangle, we could expect a sharp bullish push to the weekly res 0.30$. A long term bullish biais could be confirmed if we remove and hold above 0.35$.
Before that, we could see a retest of the 0.1750 support again, allowing big candidates to enter.
Trade safe,
AT
We have huge bearish exhaustion candles on daily TF, showing bears weakness to push the market lower.
For you to know, XRP has been one of the cryptos that moved the less during the march to now period, and could catch up with a stronger upside movement.
This is why, if the market can break the current triangle, we could expect a sharp bullish push to the weekly res 0.30$. A long term bullish biais could be confirmed if we remove and hold above 0.35$.
Before that, we could see a retest of the 0.1750 support again, allowing big candidates to enter.
Trade safe,
AT
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