💥 XRP's 0.47 OPPONENT 💥
💥Based on just what we can garner from looking at the chart above real quick we can see how XRP has a clear opponent on it's sight's that it's battling with no doubt. XRP has been treading water but we can see how whenever we try to break that 0.47 point we face rejection and get hit back down. That's not what we want to see of course but most importantly not what we want to see right now.
💥Right now we've managed to regain that 200 EMA as well as form a higher low versus our October 20th low. That's great to see but with the resistance we've most hit recently twice already forming another double top we preferably want to see a break through instead of this resistance hitting since the more times we face resistance the bigger the chance of us falling further down increases as we lose momentum.
💥Here's a smaller chart to see things for you guys:
https://www.tradingview.com/x/BsVs0tSa/
💥Can see in closer up detail how it looks like a double top but that doesn't mean things are over. We did form a lil' double top on the 22nd and 24th which then lead to us falling lower but we managed to regain that support above my 0.44 support mark on the other chart so that was a positive though that proved the double top true. So what matters next is whether or not we can find support before we lose that 200 EMA again, otherwise we'll lose it and have to watch that 0.44 point once again.
💥Leaving things here so I can finally have my breakfast and continue with my classes but wishing well as always, if you'd like to leave a like or follow it'd be much appreciated, doing my best for you guys as always and wishing nothing but the best today!
~ Rock '
💥Right now we've managed to regain that 200 EMA as well as form a higher low versus our October 20th low. That's great to see but with the resistance we've most hit recently twice already forming another double top we preferably want to see a break through instead of this resistance hitting since the more times we face resistance the bigger the chance of us falling further down increases as we lose momentum.
💥Here's a smaller chart to see things for you guys:
https://www.tradingview.com/x/BsVs0tSa/
💥Can see in closer up detail how it looks like a double top but that doesn't mean things are over. We did form a lil' double top on the 22nd and 24th which then lead to us falling lower but we managed to regain that support above my 0.44 support mark on the other chart so that was a positive though that proved the double top true. So what matters next is whether or not we can find support before we lose that 200 EMA again, otherwise we'll lose it and have to watch that 0.44 point once again.
💥Leaving things here so I can finally have my breakfast and continue with my classes but wishing well as always, if you'd like to leave a like or follow it'd be much appreciated, doing my best for you guys as always and wishing nothing but the best today!
~ Rock '
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