XRP on a critical junction.

13 ott 2018

First let me say that I am quite an amateur Analyser and none of my opinions below should be interpreted as an investment advice.

Having said that, XRPUSD is at a critical "junction". There are lots of resistances and supports nearby.

Supports are;
MA 50 and MA 100. Also note that MA 50 is crossing MA 100 which may be a sign of bullish trend.

Resistances are;

A long term price increase trend line (green) which may serve as a support later.
200 days VWMA which acted as a ressistance during the recent bull-run. A break and solid stay above this line may open the way to the bulls. Otherwise price will bounce up and down between this line and long term price decrease line which is drawn in red. Any break and solid stay below red trend line will mean that we are at the playground of the bears.

I think soon, the price will try to break above 200 days VWMA once more.

27 ott 2020

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