needs to retrace before nextr move

29 Apr 2020

we can see xrpusd is againt 3 major resistance levels. the 200MA the 50%fib and the linear channel. so that being said its going to take a lot of buying pressure to go through those 3 levels at once and at current state most of the other indicators are overbought. so i expect a retrace to the 0.20 area if not lower. note that if it manages to closes above 0.23 on the daily its a buy and targets are lined in order. just an idea, always do your own analysis. good luck