XRP is showing a similar picture as Bitcoin, something that looks like a bearish wedge. It could bring the price back to around 0.45 (bitfinex). On the right it's a USD price chart, showing a similar wedge, but we can also see a possible bigger wedge there as well. Even though that drop to 0.28 only happened on Kraken, it does seems to fit a bigger wedge. However, the volume picture does not confirm it so i will probably ignore it, but it's always worth to at least have it in mind.
I only see the wedge get invalidated if it breaks that red resistance area.
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Previous analysis:
I only see the wedge get invalidated if it breaks that red resistance area.
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Previous analysis:
評論:
Broke the wedge, seems like this is a retest now. On the right we can see that it has support of the rising trend line of the bigger wedge. Again difficult to say which one has the most weight. One thing is clear, if the red resistance breaks, the wedge becomes invalid and probably see higher prices
評論:
So XRP eventually dropped showing the wedge was a valid one. The target has nog been reached yet and it looks like a bear flag has formed, but if it gets above that .47 it could move up again. So would be wise to take some profit here IMO.
評論:
Not much to add here as well, seems we need to break 0.48 or 0.43ish before seeing real direction (Kraken price).