XRP/USD

2020년 8월 19일

Looking at the XRP/USD chart, you can see that XRP has successfully made it up above the 100 day MA, and is now stuck under the 200 day MA on the weekly chart. As XRP fights to break above the 200 day MA, it is simultaneously fighting to break out of the red trendline that has been knocking XRP down since February of 2018. Also, if you look at the purple trendline, you can see that XRP fell below it, was then rejected, and has now broken above it. Unfortunately, XRP has not gone back down to test that purple trendline as support.

In conclusion, and in my OPINION (definitely NOT financial advice), I believe that XRP will be rejected at the 200 day MA and red trendline to fall down and touch the purple trendline. Once XRP regains strength and momentum, I expect for the 100 day MA, 200 day MA, and the red trendline to be broken. Once, and IF the red trendline is confirmed as support, I expect XRP to make the outburst that everyone is expecting.