XRP chart 1.30.2021

XRP chart 1.30.2021

By kesteve | espcryptoit | 30 Jan 2021


Weekly chart of XRP looks super ugly, the whole SEC case and the fear after pump & dump pushed the price down. XRP isn't the favorite many of you, because it's not decentralized, but we have to accept the fact, that XRP is with us since 2012 and I still see some potential in this coin. In my opinion both Ripple and Tether will pay the penalty to SEC and everything may go on it's way. When the altseason comes just like a tons of other shitcoins XRP will be pumped and it will reach again at least 1 USD or even more (in summer I guess or later the end of the year) and then it will dump back to 10-20 cents.w1

 

On daily chart we still need confirmation of the bullish trend, 0.20 USD hold as resistance, this candle could indicate the end of the uptrendD1 chart, IchimokuD1 chart, 4 EMA

 

4h chart looks more promising, we are currently above a significant resistance level, the moving average gives us a clue of a possible uptrend on a shorter period, but could be just a pump & dump action4h Ichimoku4h 4 EMA

 

1h chart looks nice and bullish, good for scalping, but I would be cautious1h Ichimoku1h 4 EMA

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espcryptoit
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Welcome to my blog, I'm EspRit, 30 yo trader and hodler. I'd like to share my technical analyzes with you. Check out my new blog here: https://espritsblog.org.uk

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