XRP at top of channel, what will it do?
We see XRPUSD at the top of the downward channel again, I assume that with BTUSD being where it is some profit-taking may take us down again.
Let's see however, there is still plenty room for movement on the RSI 4H just above the 50 now.
Will all depend on whether we see a drop BTCUSD as that is in the overbought region.
But hey stranger things have happened and that strong impulse upwards may get some momentum going. If we close above the channel and retest it successfully then there will be a significant move upwards.
Not trading advice otherwise I would not be sitting here trading ;)
Let's see however, there is still plenty room for movement on the RSI 4H just above the 50 now.
Will all depend on whether we see a drop BTCUSD as that is in the overbought region.
But hey stranger things have happened and that strong impulse upwards may get some momentum going. If we close above the channel and retest it successfully then there will be a significant move upwards.
Not trading advice otherwise I would not be sitting here trading ;)
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