XRP / TetherUSLong
XRP at Pivotal Junction
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With the week about to close out, It is nice to see that XRP is maintaining structure and retraced back up to weekly support levels @ $0.4915. It is presently sandwiched between weekly support and the 200 Day EMA, with a fair few resistance levels right above it coming at every angle possible.
XRP is literally at that level right, if it breaks down from here it’s quite bearish.
My bullish case, is that the stochastic RSI on both the Daily, Weekly and Monthly are looking bullish - which is where I am leaning.
For whatever reason, given how much resistance zones there are, if XRP goes up its going to need a huge push - something explosive.
XRP is literally at that level right, if it breaks down from here it’s quite bearish.
My bullish case, is that the stochastic RSI on both the Daily, Weekly and Monthly are looking bullish - which is where I am leaning.
For whatever reason, given how much resistance zones there are, if XRP goes up its going to need a huge push - something explosive.
Note
Please note that this is just a theory. Do not trade off anything I say its really just food for thought. My analysis is based on higher time frames, not suitable for day trading.
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