Price broke past both the bullish trend-lines that formed the bullish Ascending Triangle and Bearish Pennant during the Asian session. The 4H RSI trend-line was also broken to the south, but is now in Oversold territory.
We could see a bounce here, if only temporary. 4H RSI is oversold, and a break above the descending trend-line would be a good buy signal. 4h Fisher is also now in buying territory, and there are indications its about to flop within the next few hours.
There are no real support areas here, not until 0.57. LOI is still declining though it is resting on its Monthly Pivot point right now.
Combined, this very well could be a solid buying area. There is no news prompting any declines across the crypto sphere, and $XRP is just following $BTC at the moment.
I am still very much bullish on #Ripple, but short term trading could see 0.57.
As always, follow me here on daily $XRP chart analysis and @ExsiliumI for updates throughout the day.
We could see a bounce here, if only temporary. 4H RSI is oversold, and a break above the descending trend-line would be a good buy signal. 4h Fisher is also now in buying territory, and there are indications its about to flop within the next few hours.
There are no real support areas here, not until 0.57. LOI is still declining though it is resting on its Monthly Pivot point right now.
Combined, this very well could be a solid buying area. There is no news prompting any declines across the crypto sphere, and $XRP is just following $BTC at the moment.
I am still very much bullish on #Ripple, but short term trading could see 0.57.
As always, follow me here on daily $XRP chart analysis and @ExsiliumI for updates throughout the day.
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Just about hit my 0.57057 target. This area would be a great opportunity if I wasnt already all-in.
