XRP ANALYSIS:
XRP has now broken below the trend, and also below the 200MA. This is a bearish signal here and expecting XRP/BTC to fall back into support near 2500 sats. Volume is slowly declining and 100MA has again broken below the 200MA. I do expect a strong bounce off the support line, but until we get there I do not think it is smart to take a long just yet. If XRP does manage to break back above the trend and 200MA, then we can turn the call into a long. For now, this is a short signal to wait until entry at or near 2500-2600 sats!
Possible Entries: 2550 sats
XRP has now broken below the trend, and also below the 200MA. This is a bearish signal here and expecting XRP/BTC to fall back into support near 2500 sats. Volume is slowly declining and 100MA has again broken below the 200MA. I do expect a strong bounce off the support line, but until we get there I do not think it is smart to take a long just yet. If XRP does manage to break back above the trend and 200MA, then we can turn the call into a long. For now, this is a short signal to wait until entry at or near 2500-2600 sats!
Possible Entries: 2550 sats