Something to point out about XRP

6 Jun 2018

People are expecting big money to enter the space in the coming months but if that does not happen and XRP breaks the 20/50/100/200 day EMA's it will be a nice shorting opportunity. This also falls in line with the fact that XRP is nearing the top of it's downward channel that it's been in for the past 6 months. Now on the opposite side of the coin you have the fact that XRP is currently sitting on top of these same EMA's for support which can be a great factor in short term XRP growth. I have not taken the time to use indicators such as OBV, Fisher, RVGI etc to support any short term moves I just wanted to point out the possibilities in the near future so if this interests you, continue the chart work fellas!