⚡️Hey guys, wishing well as always.
⚡️We can see how XRP has finally managed to pull up into that wedge which we pointed out was absolutely necessary for our journey up and thankfully it has managed to do that though now is gonna be a real crucial moment as we are at the next possible helix for our 20/50 EMA's.
⚡️If this helix successfully flips and our 20 EMA (in blue) crosses over that red EMA which is the 50 then that would be a possible sign of more bullish price action to come, however the very opposite could happen and that's likely why we've got that last candle looking the way it is right now.
⚡️Traders are waiting on what happens next and holding their breaths as the next move could be a big deciding factor, especially as Bitcoin itself is at roughly the same point with those 20/50 EMA's as shown below:
⚡️Bitcoin is likely what traders are watching first but XRP itself is at that point too and I simply wanted to make you guys aware of this. We've been waiting for those EMA"s to come together and now that they are it's gonna be crucial what happens here. And here's a quick XPR chart of the 15 minute.
⚡️That EMA means a lot but as the chart demonstrates we can see how XRP hit that resistance of 0.351 which we already have marked down and was rejected leading to what's going on right now, but we did manage to stay above the 0.33796 enough to get that push so we know in the least there is some support there though the tug a war still rages on and now we'll need more support to push up that 0.351 not to mention avoid that 200 EMA so we can best avoid getting dragged back down.
⚡️Gonna leave the idea here for now but apologies for the delay, it's simply been a busy day and wishing all well! If you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
⚡️We can see how XRP has finally managed to pull up into that wedge which we pointed out was absolutely necessary for our journey up and thankfully it has managed to do that though now is gonna be a real crucial moment as we are at the next possible helix for our 20/50 EMA's.
⚡️If this helix successfully flips and our 20 EMA (in blue) crosses over that red EMA which is the 50 then that would be a possible sign of more bullish price action to come, however the very opposite could happen and that's likely why we've got that last candle looking the way it is right now.
⚡️Traders are waiting on what happens next and holding their breaths as the next move could be a big deciding factor, especially as Bitcoin itself is at roughly the same point with those 20/50 EMA's as shown below:
⚡️Bitcoin is likely what traders are watching first but XRP itself is at that point too and I simply wanted to make you guys aware of this. We've been waiting for those EMA"s to come together and now that they are it's gonna be crucial what happens here. And here's a quick XPR chart of the 15 minute.
⚡️That EMA means a lot but as the chart demonstrates we can see how XRP hit that resistance of 0.351 which we already have marked down and was rejected leading to what's going on right now, but we did manage to stay above the 0.33796 enough to get that push so we know in the least there is some support there though the tug a war still rages on and now we'll need more support to push up that 0.351 not to mention avoid that 200 EMA so we can best avoid getting dragged back down.
⚡️Gonna leave the idea here for now but apologies for the delay, it's simply been a busy day and wishing all well! If you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
