XRP - Big Move Coming!
Xrp is gearing up for another big move! Right now the move looks more likely to the downside than the upside, but I want to provide you with both scenarios.
First the downside scenario. Looking at the 12H chart we are fighting to reclaim the 21 MA (pink MA). If price cannot reclaim this level then that will be a sign of resistance and we will fall lower. Price is also fighting the top of our white trendline as well as the 0.236.
If price starts breaking down and cannot continue to hold the previous ATH of $1.94 (right around the last wick/0.618 of the predictive fibs) then it is possible to see $1.60 or even $1.30.
If price is able to breakout of this white resistance line and reclaim the 12H MA then $2.90 will be tested followed by a breakout move to around $3.50!
First the downside scenario. Looking at the 12H chart we are fighting to reclaim the 21 MA (pink MA). If price cannot reclaim this level then that will be a sign of resistance and we will fall lower. Price is also fighting the top of our white trendline as well as the 0.236.
If price starts breaking down and cannot continue to hold the previous ATH of $1.94 (right around the last wick/0.618 of the predictive fibs) then it is possible to see $1.60 or even $1.30.
If price is able to breakout of this white resistance line and reclaim the 12H MA then $2.90 will be tested followed by a breakout move to around $3.50!
Penafian
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