✨At a critical junction right now for XRP and the market in general, Yesterday hit us and jolted the market following the Federal Reserve's press conference by which Powell signaled that they could potentially be looking at lowering rate hikes in the future but also noted they have to learn from past errors not to slow the pace so quick as happened before which led to disastrous results in the least to say. So it's put the market in this hazy position.
✨On top of that what we've got going on here is XRP having tested our mark of 0.4558 a few times already having slipped below and managing to pull back up but what we're looking at now could be the next directional start depending on what we can see come about.
✨The main thing XRP has been fighting to do is keep it's composure and grip on that 200 EMA which we keep having slip out of our hands, as of currently we've got it in our grasps at least but here's where it's gonna matter, especially as we're real close to that 0.45 mark with the 200 EMA in hand so if we fall below it could start a real fall, especially if our 200 EMA falls below, that's why you'll see this fight going on as bulls try to bring us below and Bulls seek to push us up and away from the threat.
✨Leaving it at this so I don't give you guys too much of a read with all this but basically this is an important junction we're at and whether or not we keep above our mark can really end up making all the difference for the next directional move on whether or not we recover see this fall extend further down again. If you'd like to leave a like or follow to keep posted or more as always it'd be much appreciated, you already know me! Just offering my insight as I can and none of this is financial advice, just a Rock's take on things.
~ Rock '
✨On top of that what we've got going on here is XRP having tested our mark of 0.4558 a few times already having slipped below and managing to pull back up but what we're looking at now could be the next directional start depending on what we can see come about.
✨The main thing XRP has been fighting to do is keep it's composure and grip on that 200 EMA which we keep having slip out of our hands, as of currently we've got it in our grasps at least but here's where it's gonna matter, especially as we're real close to that 0.45 mark with the 200 EMA in hand so if we fall below it could start a real fall, especially if our 200 EMA falls below, that's why you'll see this fight going on as bulls try to bring us below and Bulls seek to push us up and away from the threat.
✨Leaving it at this so I don't give you guys too much of a read with all this but basically this is an important junction we're at and whether or not we keep above our mark can really end up making all the difference for the next directional move on whether or not we recover see this fall extend further down again. If you'd like to leave a like or follow to keep posted or more as always it'd be much appreciated, you already know me! Just offering my insight as I can and none of this is financial advice, just a Rock's take on things.
~ Rock '
