Hi all. The majority was bearish for many weeks. However, we discussed based on the facts, based on indications and re-iterated this many times.
1 Day Time Frame
We discussed that in 4 hours time frame, XRP was consolidating between $0.30 - $0.38. And before the move, I shared a bullish pin bar on Twitter on a weekly chart!
As seen above, XRP on a daily chart is also trying to tear the Ichimoku Cloud. Above, this cloud brings us above $0,38 levels, where XRP will lead to $0.46 in the concise term.
We can check the daily RSI and see that XRP is moving in a Bullish ascending channel.
Daily RSI is above 50% and in a bullish structure. Having this in hand, along with the room above, the indicator tells us that XRP will move further.
Wave Trend Indicator
The daily wave trend (WT) indicates a green signal again and turned bullish yesterday. This and RSI's current position tell us $0.36 is working as a support.
Last week XRP closed just above our previous level of $0.35853 with a weekly candle of $0.33888. This means we closed on target! Precise, let's await the upcoming targets. Have a wonderful weekend.
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.