What's up everyone, XRP made a nice climb to the Fibonacci level of 1.58 before pulling back to 1.40.
Currently BTC is dropping like a stone, courtesy of yet another market manipulating tweet by Elon Musk regarding Tesla potentially selling all its BTC.
This movement by BTC has effected the entire market pulling back coins on the brink of breakout such as XRP and HBAR.
So far no worries however. We are still looking strong. What we want to watch however is our EMA's on the 4hr chart illustrated above.
I have hollowed out my red candles to show you that so far our EMA's have not crossed. This is good.
We will want to keep our eye on this for if they do, we could see a deeper correction for XRP, though I find this an unlikely scenario.
I expect BTC to find support around 43k and quickly recover, the market should bounce back rather quickly as well.
Stay tuned for updates! :)
Currently BTC is dropping like a stone, courtesy of yet another market manipulating tweet by Elon Musk regarding Tesla potentially selling all its BTC.
This movement by BTC has effected the entire market pulling back coins on the brink of breakout such as XRP and HBAR.
So far no worries however. We are still looking strong. What we want to watch however is our EMA's on the 4hr chart illustrated above.
I have hollowed out my red candles to show you that so far our EMA's have not crossed. This is good.
We will want to keep our eye on this for if they do, we could see a deeper correction for XRP, though I find this an unlikely scenario.
I expect BTC to find support around 43k and quickly recover, the market should bounce back rather quickly as well.
Stay tuned for updates! :)
