XRP Bull and bear scenario

25 thg 1, 2020

scenario (1) What are the bullish in the chart?
XRP is now trading in a downward channel forming a fallen wedge pattern which is a bullish sign if XRP can
break resistance trendline and make a new higher high and 1st higher low this will continue going upward channel needs
to hold this region at support box between 2626-2600 breaking this support will dump to our next area of support between
2564-2542 sats.

scenario (2) Bearish Signs?
XRP is under trading below 50MA,100MA, and 200MA. This three moving average now acts as a resistance for XRP
we have strong resistance area between 2659-2717 sats plus this trendline resistance is really strong. Once XRP did not manage to hold
the first support box will dump the price and retest our support trendline at 2561 sats in our NEXT SUPPORT region.