XRP/USD ANALYSIS (BIG MOVE UP COMING!)
XRP/USD ANALYSIS:
XRP sell volume has hit some recent highs on the retrace that brought XRP back under the daily 100MA. This volume has since been decreasing upon each wick. Im expecting a small right shoulder to be formed here starting near $.238. The stoch here has completely bottomed and since stalled near a low of 4.10 on Stoch. Im looking for XRP to hold here and a pu p up to T1 at $.25. This brings XRP to 200MA and should keep the 50/200 cross. Next targets align at T2 of .277 and T3 of .303. Entry is now at .23-.24! Remember to move stop loss up as we clear each take profit point!
Possible Entries: .23-.24
XRP sell volume has hit some recent highs on the retrace that brought XRP back under the daily 100MA. This volume has since been decreasing upon each wick. Im expecting a small right shoulder to be formed here starting near $.238. The stoch here has completely bottomed and since stalled near a low of 4.10 on Stoch. Im looking for XRP to hold here and a pu p up to T1 at $.25. This brings XRP to 200MA and should keep the 50/200 cross. Next targets align at T2 of .277 and T3 of .303. Entry is now at .23-.24! Remember to move stop loss up as we clear each take profit point!
Possible Entries: .23-.24
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