XRP / TetherUS

$XRP (DAILY): THE key 200 MA being TESTED from below

259
XRP has been fighting HARD TO RECOVER some of its lost value after topping out at $3.67 in JULY.

The #XRPArmy is bloody but not yet beaten, it seems, trying to reclaim the all-important (fat green line, 200 MA just above the GOLDEN POCKET) BEAR/BULL line in the sand.

So, the $2.6~ zone is a pivot level, a long-term horizontal resistance/support level, #XRP MUST close above to flip the MARKET Structure BULLISH.

The worst part of a correction may be finished for now, yes, but this is still a heavy RESISTANCE AREA, not to mention a HIDDEN BEAR RSI divergence flashing.

So, in a nutshell:

1) either a strong show of INTENT to push the price above fib 0.5 ($2.78) in order to continue upwards and toward the BEAR Liquidation zone ($3.05+)

2) or a rejection in the current zone, DAILY CANDLE CLOSES below the 200 MA and further bleeding towards $2.28.

For now, a BEAR MARKET coin until proven otherwise.

💙👽

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.