During this Bull-run we've seen multiple cryptocurrencies reach new ATH's.
Although XRP has seen an increase of about 350% on the year, it has not come close to a new ATH.
The smaller timeframes of 1H-8H are showing signs of a possible retrace to about .88 -.97 cents .
The Weekly time frame still shows some bearish sentiment but if we reduce the timeframes to about 2D-5D we can see a clear reversal.
For instance the 3D time frame shows a cooled off Stochastic and KDJ. The RSI looks strong and the MACD is looking for a bullish crossover.
Volume is my only worry at this point in time.
XRP in my opinion needs a catalyst to increase the volume and cause a squeeze in the Bollinger bands to send this to the moon (1.75-2$)
Fib - not applicable due sell off and pumps from SEC news.
Godspeed.
Although XRP has seen an increase of about 350% on the year, it has not come close to a new ATH.
The smaller timeframes of 1H-8H are showing signs of a possible retrace to about .88 -.97 cents .
The Weekly time frame still shows some bearish sentiment but if we reduce the timeframes to about 2D-5D we can see a clear reversal.
For instance the 3D time frame shows a cooled off Stochastic and KDJ. The RSI looks strong and the MACD is looking for a bullish crossover.
Volume is my only worry at this point in time.
XRP in my opinion needs a catalyst to increase the volume and cause a squeeze in the Bollinger bands to send this to the moon (1.75-2$)
Fib - not applicable due sell off and pumps from SEC news.
Godspeed.