Hi traders!
We can see that as expected in my previous Xrp main analysis, Xrp produced a nice bounce around the indicated target of 0.56$.
However, Xrp is losing its bullish behaviour.
It is not making higher highs like other main coins, but it didn't make a lower low. Even Ether that was in trouble, is making higher highs.
The local bullish trend line was broken, and now Xrp is trading below it.
If Xrp was following Btc trend, it would be around 0.75$ right now.
We are having a possible incoming local death cross, which could not be good if it happens, but this could not be dramatic either.
But, but... good news is that the 1 day RSI is around 37, which means Xrp is importantly oversold.
This could attract some new buyers for this reason.
Stay tuned, and good luck to you.
We can see that as expected in my previous Xrp main analysis, Xrp produced a nice bounce around the indicated target of 0.56$.
However, Xrp is losing its bullish behaviour.
It is not making higher highs like other main coins, but it didn't make a lower low. Even Ether that was in trouble, is making higher highs.
The local bullish trend line was broken, and now Xrp is trading below it.
If Xrp was following Btc trend, it would be around 0.75$ right now.
We are having a possible incoming local death cross, which could not be good if it happens, but this could not be dramatic either.
But, but... good news is that the 1 day RSI is around 37, which means Xrp is importantly oversold.
This could attract some new buyers for this reason.
Stay tuned, and good luck to you.
Did they listen to my TA? :D