Ripple smashed through the 200 day ma but we need to see if it retests it and confirms it as a support.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
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Ripple was rejected by the 200 day ma. It is again trying to attack it but it needs to get above the line and confirm it as a support.
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RSI has some space to move but it is likely to reach the overbought levels when XRP reaches/crosses the 200 d ma.
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The best case scenario for bulls is to move XRP above the 200 day ma and then consolidate it ABOVE the ma for a few days to bring RSI down to neutral levels before the next leg up.
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Bulls attacked the 200 d ma again but XRP is still below the ma. RSI has some space to move though not too much. Critical time!
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Still trading below the 200 d moving average
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There you go!
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.