XRP' made a very strong rally yesterday, making several waves up with high volume. But because Bitcoin' dropped 50 points, XRP' gave away 50% of it's rally. Normally way to much. It's still above that green support there on the left, but from the looks of it, big chance it will break as well. Whatever happens, that purple zone on the right should hold for the coming days, otherwise it could get ugly coming weeks.
That triangle on the left (prob a bear flag) will give us a good indication of what the next step will be
I remember Litecoin' did something similar, doing a bear trap first and later on a bull trap. So to be honest, my slightly bullish view is getting more fragile
Previous analysis:
Litecoin bear/bull trap:
That triangle on the left (prob a bear flag) will give us a good indication of what the next step will be
I remember Litecoin' did something similar, doing a bear trap first and later on a bull trap. So to be honest, my slightly bullish view is getting more fragile
Previous analysis:
Litecoin bear/bull trap:
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New XRP analysis:
