BREAK OUT TO UPSIDE ON XRP
STILL WAITING FOR XRP TO BREAKOUT TO THE UPSIDE STILL LOOKING VERY BULLISH ON 4H CHART .
MARKET SILL HOLDING ABOVE 50MA
MARKET IS CONSOLIDATING MEANING THIS ISNT A TREND REVERSAL . IN CRYPTO YOU CAN CLEARLY SEE WHEN THE MARKET TURN WHEN SHARP MOVES ON THE DAILY CHART . REASON I SAY THIS IS BECAUSE AFTER THE PUMP WE HAD A PULLBACK , NOT A CORRECTION . XRP STARTED MAKING HH & LH ON BOTH 4H & DAILY BATTLING WITH THE RESISTANCE . I BELIVE IF WE WERE CORECTING AND GOING TO MAKE NEW LOWS I BELIVE THERE WOULDVE BEEN A SOLID DOWN TREND STRUCTURE FORMING BUT WE HAVENT .
ALSO IF YOU LOOK CLOSLEY YOU CAN SEE THE STRONG 4H CANDLE SHOWING SUPPORT RIGHT ON 50MA AND COULDNT CLOSE OVER ALSO A PINBAR CANDLE AFTER THAT JUMP
XRP STILL LOOKING TO RETEST PREVIOUS HIGH OF $0.79
I AM VERY OPTOMISTIC BUT IF XRP CANT BREAK THIS RESISTANT AND WE SEE THE MARKET CLOSING UNDER 50MA THEN BE PREPARED TO MAKE SOME LOWS BUT HONETLY IT IS VERY UNLIKELY IN MY OPINION .
IF BREAK TO DOWNSIDE EXPECT TO SEE $0.25-$0.30 XRP
MARKET SILL HOLDING ABOVE 50MA
MARKET IS CONSOLIDATING MEANING THIS ISNT A TREND REVERSAL . IN CRYPTO YOU CAN CLEARLY SEE WHEN THE MARKET TURN WHEN SHARP MOVES ON THE DAILY CHART . REASON I SAY THIS IS BECAUSE AFTER THE PUMP WE HAD A PULLBACK , NOT A CORRECTION . XRP STARTED MAKING HH & LH ON BOTH 4H & DAILY BATTLING WITH THE RESISTANCE . I BELIVE IF WE WERE CORECTING AND GOING TO MAKE NEW LOWS I BELIVE THERE WOULDVE BEEN A SOLID DOWN TREND STRUCTURE FORMING BUT WE HAVENT .
ALSO IF YOU LOOK CLOSLEY YOU CAN SEE THE STRONG 4H CANDLE SHOWING SUPPORT RIGHT ON 50MA AND COULDNT CLOSE OVER ALSO A PINBAR CANDLE AFTER THAT JUMP
XRP STILL LOOKING TO RETEST PREVIOUS HIGH OF $0.79
I AM VERY OPTOMISTIC BUT IF XRP CANT BREAK THIS RESISTANT AND WE SEE THE MARKET CLOSING UNDER 50MA THEN BE PREPARED TO MAKE SOME LOWS BUT HONETLY IT IS VERY UNLIKELY IN MY OPINION .
IF BREAK TO DOWNSIDE EXPECT TO SEE $0.25-$0.30 XRP
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