Hi all,
Looks like XRP is making some progress finally, breaking above the mid-term downtrend today. Bulls are now ready to surpass both the 50 and 100 day EMAs that just crossed one another on the daily chart. A closure above $0.20 or even better - in the middle of the $0.20-$0.215 zone today will be quite positive.
The one thing that worries me is a descending triangle on the 4h-chart, so let's hope we don't see a pullback below the horizontal line here.
Regards,
Looks like XRP is making some progress finally, breaking above the mid-term downtrend today. Bulls are now ready to surpass both the 50 and 100 day EMAs that just crossed one another on the daily chart. A closure above $0.20 or even better - in the middle of the $0.20-$0.215 zone today will be quite positive.
The one thing that worries me is a descending triangle on the 4h-chart, so let's hope we don't see a pullback below the horizontal line here.
Regards,
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So, we broke up from the descending triangle on 4h chart. Looking good:
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XRP is still trading above the uptrend, now fighting to get past the 50 +100 day EMA that is guarding the $0.20 zone entry point:
