Sorry for the busy chart, taking multiple views of current price action. I am a swing trade/investor looking for maximum potential in 12-18mo hold times. I am already in XRP & built most of my position end between .20 & .30. Speculation could easily give way to adoption in future bull cycles. I invest with an open mind and seek truth within the trend.
NOT INVESTMENT ADVICE.
Taking a look at the daily chart.
We see a breakout of upward trend. LOTS of buying volume. 1.618 & 2.618 Fibs line up exactly with major support/resistance. Also, the 50 day moving average is making an aggressive cross above the 100. With sustained momentum 200 will be met quickly.
Near resistance lies above around 0.365 (1.618) followed by 0.475 (2.618)
Support lies beneath around 0.295
Intra day timeframes showing bullish momentum in Stochastic RSI & Moving Averages.
The 15 Cent XRP Prophetic Gospel may have been fulfilled with the Bitmexico dump. Something to ponder.... trading and wisdom go hand in hand whatever you do control your greed and refuse to get caught slippin'
NOT INVESTMENT ADVICE.
Taking a look at the daily chart.
We see a breakout of upward trend. LOTS of buying volume. 1.618 & 2.618 Fibs line up exactly with major support/resistance. Also, the 50 day moving average is making an aggressive cross above the 100. With sustained momentum 200 will be met quickly.
Near resistance lies above around 0.365 (1.618) followed by 0.475 (2.618)
Support lies beneath around 0.295
Intra day timeframes showing bullish momentum in Stochastic RSI & Moving Averages.
The 15 Cent XRP Prophetic Gospel may have been fulfilled with the Bitmexico dump. Something to ponder.... trading and wisdom go hand in hand whatever you do control your greed and refuse to get caught slippin'