XRP Price Analysis
After it's previous run XRP has been skimming nicely along the bottom of the Kumo.
Chart formation is a bear flag / ascending triangle. This can be reversal or continuation patterns. Judging by past price support from psychological levels in combination with the Kijun recently moving in to act as support we believe the price should break to the upside before testing the bottom of the cloud.
However, you should be cautious due to the potential double top forming on the Stochastic RSI as well as the lack of trend strength, and the bearish DIs seen on the ADX.
We also see a bull cross on the Stochastic with a potential bull cross soon to be seen from the TRIX which also would be signalling a buy.
Chart formation is a bear flag / ascending triangle. This can be reversal or continuation patterns. Judging by past price support from psychological levels in combination with the Kijun recently moving in to act as support we believe the price should break to the upside before testing the bottom of the cloud.
However, you should be cautious due to the potential double top forming on the Stochastic RSI as well as the lack of trend strength, and the bearish DIs seen on the ADX.
We also see a bull cross on the Stochastic with a potential bull cross soon to be seen from the TRIX which also would be signalling a buy.
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