It was a very good start for XRP when it reached $0.78 suddenly, performed a higher low, broke downtrend and spike to the upside again.. but then..
A SEC suit followed by XRP being delisted from certain exchanges and portfolios the price tanked a with 55% full candle drop!
The price has now bottomed at $0.26 with two candle bottom closes and this level now acts as a MAJOR support.
A break below $0.26 can be very painful for many XRP holders as Bitcoin is breaking all time highs, while XRP is being valued slightly above 1000 sats.
MACD is currently on second very strong selling wave and the RSI is below 40, currently oversold with no divergence or any bullish signs to be seen so far.
One positive thing about this, is the fact that XRP can blow up really quickly and the FOMO will remain unchanged when an upside spike will be seen.. but the issue is another cryptocurrencies are doing much better than XRP so why budge with XRP?
I still believe that XRP will rise up as it's still in a daily uptrend, based on 200 EMA, but a break above it is necessary to be seen, above $0.33.
On a short term, we need to break above $0.315 in order to break a recent high and make a higher high.
Good luck with XRP!
A SEC suit followed by XRP being delisted from certain exchanges and portfolios the price tanked a with 55% full candle drop!
The price has now bottomed at $0.26 with two candle bottom closes and this level now acts as a MAJOR support.
A break below $0.26 can be very painful for many XRP holders as Bitcoin is breaking all time highs, while XRP is being valued slightly above 1000 sats.
MACD is currently on second very strong selling wave and the RSI is below 40, currently oversold with no divergence or any bullish signs to be seen so far.
One positive thing about this, is the fact that XRP can blow up really quickly and the FOMO will remain unchanged when an upside spike will be seen.. but the issue is another cryptocurrencies are doing much better than XRP so why budge with XRP?
I still believe that XRP will rise up as it's still in a daily uptrend, based on 200 EMA, but a break above it is necessary to be seen, above $0.33.
On a short term, we need to break above $0.315 in order to break a recent high and make a higher high.
Good luck with XRP!
