XRP Analysis - NFA
XRP broke above the trend line at $1.24, however, the bears are still actively disabling bulls to push the price further. Given that both #BTC and #ETH made ATH there's a big possibility other big cap alts are going to follow the suite as well. Perhaps we just need to be patient.
The 20-day EMA ($1.13) is sloping up and the RSI is in the positive zone, indicating the path of least resistance is to the upside. If bulls sustain the price above $1.24, the XRP/USDT pair could rise to $1.41. This level could act as a resistance l, but if buyers overcome the barrier I wouldn't be surprised to see #XRP catching the momentum.
On the contrary, if the price turns down from the current level, the pair could drop to the 20-day EMA. The selling could intensify if the support cracks and the pair may drop to $1.
I find it unlikely to happen given the market sentiment, but It wouldn't be the first time I missjudged the market. Crypto is still wild and volatile as fuck, so be cautious.
Perhaps the wise thing to do is just wait for the confirmation before making a play.
Time to make money guys.
I'm not a fan of Ripple though, but this might be a nice catch to increase my bags 🤷
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