Will XRP recover from here?

Will XRP recover from here?

By EliteElliott | Crypto TA | 24 Oct 2019


As previously mentioned: https://www.publish0x.com/crypto-ta/xrp-crossroad-xmjoxp

 

When XRP broke the Trend line and fell below the 50 EMA the chances of a Bearish playout have significantly increased. The Confirmation came in when the Price re-tested the 50 EMA and got Rejected.

-Soon after the Rejection, the Price has fallen sharply resulting in a 13% drop

-XRP had a nice Bounce from the 0.25$ level and was able to push back up above 0.2675$ and found Support around this area

Currently, we are looking at a possible Bear-Flag formation which is a Continuation Pattern so the Price could be heading back down again.

 

Will we see a Recovery? Leave Your thoughts down below.

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EliteElliott
EliteElliott

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