Hello Steemian friends !
Today we'll focus on one interesting cryptocurrency : XRP aka "ripple".
Let's have a look at the graphs...
First thing we can see, is that there is a fundamental support getting hit at 1.0453 , which seems to be pretty solid, since it was already tested 7 times within 1 month.
This support value is the one we will pay attention to to confirm the trend or to realign our strategy.
Then by retracing (Fibonacci) we basically notice that XRP is stuck since September 8th between 1.0634 and 1.1311 and that any movement out of this range would be considered a strong signal (either bear-ish or bull-ish, depending if it goes below 1.0634 or over 1.1311).
Now when we look at MACDs and RSI14 :
MACD are not in a good configuration, and RSI is within the 50-ish range. We cannot clearly see what direction XRP will go, but we could say we have to watch it very closely.
Is XRP the next BTC ? Noone can say.
But action is incoming !
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*Grizzz