Crypto TA

Will XRP recover from here?

Will XRP recover from here?

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.

How do you rate this article?

0


EliteElliott
EliteElliott

We are a Group of traders who are eager to Master the Art of Chart Reading using the Elliott Wave Theory. Come and join us on our journey to Financial Freedom.


Crypto TA
Crypto TA

Technical Analysis

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?