XRP is in an ascending channel & I believe we just confirmed the bottom of this channel ($0.38) which also happens to be a simultaneous back test for support of the top of the pennant we broke out of yesterday -- all very bullish signals in my opinion!
Additionally, the MACD & stoch have coiled up and look primed for a big movement up.
We will likely see a bit of resistance in the lower $0.40's as we come into the top of this ascending channel, but given how quickly and powerfully the price increased over the weekend (pre Reddit dump), I don't think there's any doubting that we are getting closer to a BIG movement higher --- and please God let's sustain the price levels & quit crashing back down so hard haha
Cheers & Good Luck out there, XRP Community!
Additionally, the MACD & stoch have coiled up and look primed for a big movement up.
We will likely see a bit of resistance in the lower $0.40's as we come into the top of this ascending channel, but given how quickly and powerfully the price increased over the weekend (pre Reddit dump), I don't think there's any doubting that we are getting closer to a BIG movement higher --- and please God let's sustain the price levels & quit crashing back down so hard haha
Cheers & Good Luck out there, XRP Community!
