This is a quick update on our previous chart
As mentioned, prices exactly touched the price volume target (blue line). From that point we got rejected and headed back to exactly 0.4375 cents, which we also coined as a possibility.
The big question is what will happen next 🔮
ANALYSIS
Technicals:
- The RSI is still above it's center-line on the 1H chart, which is bullish.
- The stochastic RSI is oversold on the 1H, which suggests a potential reversal in the immediate short-term.
- However price is currently below the BB center-line on the 1H chart. So the bears might be pulling the price towards BB center-line on the 4H around 0.4315.
If we we're to come back down to 0.43 cents I'm not convinced we will be going much lower than that, however anything is possible. The market loves to target stoplosses🐻
Energetically:
The situation remains unchanged. (bullish)
Disclaimer: Non-Financial Advice
The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
As mentioned, prices exactly touched the price volume target (blue line). From that point we got rejected and headed back to exactly 0.4375 cents, which we also coined as a possibility.
The big question is what will happen next 🔮
ANALYSIS
Technicals:
- The RSI is still above it's center-line on the 1H chart, which is bullish.
- The stochastic RSI is oversold on the 1H, which suggests a potential reversal in the immediate short-term.
- However price is currently below the BB center-line on the 1H chart. So the bears might be pulling the price towards BB center-line on the 4H around 0.4315.
If we we're to come back down to 0.43 cents I'm not convinced we will be going much lower than that, however anything is possible. The market loves to target stoplosses🐻
Energetically:
The situation remains unchanged. (bullish)
Disclaimer: Non-Financial Advice
The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
Comment:
To add to this. I personally see prices heading towards 0.475 cents or higher in the upcomming day's up untill May 24th (next week). However this market highly volatile and unpredictable. Alot is happening in the crypto space, especially with XRP. Be carefull and don't fomo.
Comment:
I just wanted to give a quick update. Price could potentially reverse towards the upside from between 0.431 to 0.435 cents.
The 200ema on the 1H seems to be in congruence with the BB center-line on the 4H.
Do you think this is our reversal point? 🚀 ✨ Share your thoughts in the comments down below.💬
The 200ema on the 1H seems to be in congruence with the BB center-line on the 4H.
Do you think this is our reversal point? 🚀 ✨ Share your thoughts in the comments down below.💬
Comment:
It looks like XRP has plenty gas left in the tank, let's see if it can surpass the volume price target around 0.4615 (blue line):
