XRP/USD | Retesting $.8 Then $.93? | 4H Timeframe
Recently
XRPUSDT
made a pretty strong correction along with almost all other high market-cap coins.
In the smaller picture XRP faces a few minor breakouts before we can confirm a bullish move. Also watch $.564 as a temp support with the next level looking toward $.496.
Currently, XRP sits in a wedge which should complete any day now, it seems to be finding and holding support successfully but don't get your hopes up.
Looking for a breakout of this wedge to the upside (orange trendline), then a breakout of $.679 before we can confirm a potential bullish move on both smaller and larger timeframes.
-DCJ-
XRPUSDT
made a pretty strong correction along with almost all other high market-cap coins. In the smaller picture XRP faces a few minor breakouts before we can confirm a bullish move. Also watch $.564 as a temp support with the next level looking toward $.496.
Currently, XRP sits in a wedge which should complete any day now, it seems to be finding and holding support successfully but don't get your hopes up.
Looking for a breakout of this wedge to the upside (orange trendline), then a breakout of $.679 before we can confirm a potential bullish move on both smaller and larger timeframes.
-DCJ-
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