- XRP brokedown like the rest of the market yesterday BUT formed a massive hammer on the daily candle
- Buyers stepped up in a major way after price dipped into the $0.40 demand zone
- We did retest the top of that support before moving back above and currently resting near resistance
- EMAs has turned down slightly but still looking a lot better than BTC
- If BTC can regain some ground, we could see a nice rally in XRP and the rest of the market
- The bad news is, BTC might very well test the higher end of the 4k range and that will drag everything down with it but we could see the same type of reaction we saw yesterday as many people fled to more centralized coins
Thanks guys!