XRPLong
XRP 350 DAY MOVING AVERAGE - SOMETHING IS DIFFERENT HERE
xrp has a historical tendency to consolidate between .275 - .325
four times xrp has been rejected at these levels and it has been in relative correlation to the 350 MA
this time we are perched well above the 350 MA in the same range of consolidation
if xrp was to go down from here I would expect the 350 MA to act as support
but sitting in the current range of consolidation has me thinking it is more likely to break out from here rather than testing the 350 MA
also MACD is coiled to infinitely boring levels. probably time for some volatility.
not financial advice
four times xrp has been rejected at these levels and it has been in relative correlation to the 350 MA
this time we are perched well above the 350 MA in the same range of consolidation
if xrp was to go down from here I would expect the 350 MA to act as support
but sitting in the current range of consolidation has me thinking it is more likely to break out from here rather than testing the 350 MA
also MACD is coiled to infinitely boring levels. probably time for some volatility.
not financial advice
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