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XRP Technical analysis

Hello everyone welcome back to another update

We have to see in terms of xrp is a broken structure of 0.75 followed by that retest and then the continuation but right now you can see that we continue to test our exponential moving averages we are still in extremely overbought conditions and of course, the more times we test these exponential moving averages the higher chances of us seeing that break formation and of course, if xrp does end up seeing that break then the first level of a retest is going to remain at 0.56 the reason why that level specifically is zooming out on the chart here you can see that this level acted as a very strong resistance point and as you guys already know old resistance turns to new support and that's exactly what we're seeing as of right now if xrp does end up breaking above 0.75 and retesting it as support though you guys already know the next main level in terms of resistance is going

The daily time frame around that 130 to 145 Zone the reason for that, of course, is looking at previous price analysis you can see that we've seen three beautiful WIC opportunities here grabbing that liquidity, and right now this is starting to look more and more like an inverse Bart from Mission looking to play out so be very careful for those of you that are shorting at these levels of course if we do end up breaking below our exponential moving averages then we can show and even if you look here on the daily time frame you can see the fact that these EMA still have yet to be tested a very quick scalping opportunity down to 0.66 or even seeing that break of 0.59 before we see that continuation of course if we do end up seeing

that low is being tested more likely than not we will end up seeing a support bounce at 0.56$ because the fact that the liquidity here is going to be trapped if we do see that bounce opportunity I will personally be looking for buying opportunities on xrp because even though we had this massive short squeeze the settlement did of course passes and we are seeing some more bullish news so we do have quite a bit of momentum here but that's pretty much

see you in another update please Don't forget to upvote, esteem, and comment...