XRP in the testing stage

Hi Everyone This is Kris and this is my Analysis''

For me XRP is in the Testing stage

Bullish Side
1.Currently the price is above the descending triangle from all the key points of XRP Consolidation
2. Currently Price is now Above the 50 MA and 200MA if we are gonna full have the golden Cross in this weekly we might have a repeat of History

But if we are to Repeat History, I believe 3 -6 will be my max Initial targets because, we still need to consider the Market Caps

Bearish side:
1. We might have a shakeoff and retest the the support + the descending triangle as a support which is in range of 0.1ish - 0.3ish
2. Massive sellout due to SEC vs Ripple Bad News

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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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Published as private Ideas

Yorum:

Currently we have a bearish divergence on the 2 highs,, the big question now is will it continue to go down or support will hold from here and we are gonna fly soon