XRP continues bearish as noted in the descending triangle from our last major high on December the 14th, with a retrace of 38% from that date. If we break the triangle on the upside {resistance} we could see the bulls kick into gear around the 14th of February , but, if we break the lower support of the triangle we will retest the next support down around the .2472 area. Let's hope "love is in the air" and we move to the upside as a well deserved run upwards into the green is much anticipated.
We are also sitting right on top of the lower BB as these bands once again tighten up.
Good luck traders and top the evening to you all.
We are also sitting right on top of the lower BB as these bands once again tighten up.
Good luck traders and top the evening to you all.
Comment:
Closing in on the support of this descending triangle, and, the potential breakout either up or down. What do you guys think? are we heading lower? or, are we going to break resistance and head up?