$XRP $XRPUSD Cuida'o

13 thg 9, 2019

Daily: Trend remains to respect descending channel, with no clear signs of reversal. Stochastic RSI showing momentum remains in favor of bears, although support looks to have been found inside our $0.24-$0.25 zone. Price has reached a critical point, and we should expect a radical move soon. A look at our smaller timeframes may show us some early signs of XRP's next move.


4Hour: Shifting over to the pattern timeframe we see price starting to consolidate between $0.2510 & $0.2550, Stochastic RSI showing momentum in favor of the bulls with no signs of slowing down. A 4hour close above/below these levels indicates the next move; personally expecting a move towards the upside. Support at $0.2500 has been tested multiple times and has not been broken, on September 7th we saw price make a small push towards $0.2650 from $0.2500. XRP is now retesting this support level, and looking to makes its next move towards the upside.