Hi all. We will analyse the current daily candle status shortly. However, I would like to make my end statement first now.
Daily Bar Charts
XRP in daily charts shows that XRP is squeezed between $0.32 and $0.33. Price action will occur before 27-July. We will not see a 1-2 cent move but more.
Which levels are critical and indicate a bullish or bearish signal?
Below, $0.28704 is bearish and will lead XRP to stop at our lowest point discussed in February this year.
Above $0.35853 is bullish and will pave the way for $0.66
What Does the Relative Strength Index (RSI) Say?
You can see below that the RSI is also trying to break the RSI Resistance. We had the first attempt and can see the second one clearly, which is very close to the 50% line. These are bullish if we break and stay above 50% shortly.
XRP's current high volume and the indications are still bullish in the 4H, 1D and weekly time frames. I will update you if we have further changes.
As always, Important Note: None of the targets represented here is financial advice. Do your research in due diligence and take responsibility for your decisions & actions when buying or selling an instrument.