Monthly Pivot 0.75 proves to be problematic resistance as mentioned earlier. RSI trend-line still holds, but a break of that before break of Pivot means re-test of 0.64.
4h LOI is dropping and has only gained 1.05 million since 0.64. For comparison, LOI would have to increase another 10.4 million for us to be in the 0.90's again. In other words, I do not see any real strength here yet.
4h LOI is dropping and has only gained 1.05 million since 0.64. For comparison, LOI would have to increase another 10.4 million for us to be in the 0.90's again. In other words, I do not see any real strength here yet.
Nota
XRP #Ripple - I forgot to mention in my Daily Analysis that there is a Bear Flag formation that is coming to an apex. Any flag can break up or down, but this formation tends to break down more often. Pivot Point and lack of LOI growth point to a 0.64 retest.Nota
Nota
The flag could be drawn like this too. Most flag breaks travel the distance of the flag pole, which means were looking at S1 @ 0.55 potentially.Nota
XRP #Ripple - Bear Flag mentioned in today's chart analysis broke down, as well as the breaking the RSI trendline. Monthly Pivot was to strong. We should be looking at another test of 0.64, and if we follow the flag pole, were looking at 0.55-56 which is also Monthly S1.
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