XRP could potentially be forming a bullish ABC pattern, as the volume spiked, coinciding with the major price increase before XRP got back down quite a bit. The MACD also saw an upturn, with the MACD line crossing above the signal line. Also, the support line for XRP is quite strong, and with the weak selling pressure, I would expect XRP to make another slight downturn (possibly 0.7533) before bulls stepping in and eventually bringing the price up to 0.8806, which is quite a significant price increase.
In case the bulls fail to overwhelm the bears, which is odd but could happen, XRP may nosedive. Remember to set proper stop loss to avoid risks!
(Just an opinion, not an advice!)
In case the bulls fail to overwhelm the bears, which is odd but could happen, XRP may nosedive. Remember to set proper stop loss to avoid risks!
(Just an opinion, not an advice!)
