XRP has surely left the negative trend channel.
This is a first sign of a possible new trend.
To confirm it, XRP has to break the resistance at 78.6% (1.369$).
Meanwhile it is in an ascending triangle - on the lower line.
It shouldn`t fall under this line; this would show weakness.
Next support is a swing line from december 2017 at 1.18$.
If resistance would be taken, the next aim is swing level at 1.60$ and then fib retracement 61.8% (1.779$).
Sentiment:
Cryptos are in relatively good position but Ripple couldn´t take profit from the last trend.
The market cap of XRP is down to 51.393 BN $, far behind ETH ($116.752 BN) or BTC ($191.399 BN). BCH is following on fourth place with $28.517 BN.
RSI isn´t strong, MACD neutral and ADX without momentum. No support from the market!
no invest necessary before the resistance is broken
stop when lower swingline (support) isn´t strong enough to halt the price (with XRP re-entering in old negative trend channel)
This is a first sign of a possible new trend.
To confirm it, XRP has to break the resistance at 78.6% (1.369$).
Meanwhile it is in an ascending triangle - on the lower line.
It shouldn`t fall under this line; this would show weakness.
Next support is a swing line from december 2017 at 1.18$.
If resistance would be taken, the next aim is swing level at 1.60$ and then fib retracement 61.8% (1.779$).
Sentiment:
Cryptos are in relatively good position but Ripple couldn´t take profit from the last trend.
The market cap of XRP is down to 51.393 BN $, far behind ETH ($116.752 BN) or BTC ($191.399 BN). BCH is following on fourth place with $28.517 BN.
RSI isn´t strong, MACD neutral and ADX without momentum. No support from the market!
no invest necessary before the resistance is broken
stop when lower swingline (support) isn´t strong enough to halt the price (with XRP re-entering in old negative trend channel)
Comment:
Ripple hasn`t broken the resistance but has fallen on the support (or slightly below). The sentiment is negativ. Wait and see if the support will be strong enough or if XRP fails and falls further on to next fib retracement at 0.85$.