XRP trades in the liquidity zone within the downward channel.
Price is above liquidity.
Trading volumes began to rise on testing the support level.
The 50MA broke up the 100MA on the 1H Timeframe.
The 100MA broke up 200MA on the 30m Timeframe.
The BB indicator on the 30m Timeframe indicates overbought.
I expect that there may be a slight decline from the current levels, but after the price will go to the resistance level, and after fixing above it will continue the rebound. It is very important to watch the reaction of XRP on the exit from the descending channel and break of the descending trend line.
Price is above liquidity.
Trading volumes began to rise on testing the support level.
The 50MA broke up the 100MA on the 1H Timeframe.
The 100MA broke up 200MA on the 30m Timeframe.
The BB indicator on the 30m Timeframe indicates overbought.
I expect that there may be a slight decline from the current levels, but after the price will go to the resistance level, and after fixing above it will continue the rebound. It is very important to watch the reaction of XRP on the exit from the descending channel and break of the descending trend line.
