Thread by @cassinicapital1

#XRP from a Technical perspective:

A chart thread 🧵

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$XRP #XRPUSD #XRPArmy #XRPCommunity #XRPCommunity #Ripple #CryptoNews #Crypto #cryptocurrency #Cryptos

I have been involved in #XRP since 2017 and I have been watching patiently during this last 2 year Law case with the SEC. @attorneyjeremy1 has covered this diligently throughout and it appears things are heating up 🔥

Lets look at the charts, bullish and bearish:

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Support/resistance and trend line:

- Price has entered the first key HTF resistance level

- Price still below the bear market diagonal trend line/ zone

- These are both key zones, if price can flip these into support it would be extremely bullish

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Bear market Fibs:

- Impressive move off the lows taking out the first fib level

- Price still short of the 0.382 which is confluent with the HTF resistance from the previous chart

- Lots of work still to do from a fib perspective, let's keep an eye on this

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Weekly ema:

As my followers know, I like to watch the 8, 21 and 50w ema. In a bull market the 8>21>50.

- From that logic there is still bearish HTF momentum

- 50w acting as resistance

- Can price flip the 21/50w into support? Let's keep an eye on it

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200d ma:

The 200d is a significant ma for most assets, no different for $XRP-

- In a bear market price jumps above and fails to hold as support (red)

- In a bull price holds as support (green)

- Price has jumped above the 200d, will it hold as support?

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#XRP/ #BTC:

- The diagonal trend lines have been very stubborn for $XRP, but when they break it is significant.

- There is also a giant inverse head and shoulders

- Let's see if price can flip the 2021 highs into support

- Is xrp capable of a 🚀 like the last time?

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Daily RSI:

- We are entering hyper bullish zone and getting very oversold

- You can see how price reacted when we enter these levels in prior occasions

- $XRP like to go vertical when it moves and can go higher than you think and then correct heavily

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So to wrap up the thread, #XRP has certainly woken up although there is still lots of work for it to do in order to be full bull. I will update you all in due course using this framework to analyse any progression. Remember to keep emotions neutral, use the charts.

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I hope you found this thread useful. Please like, comment, share and follow for more #XRP and #Crypto insights.

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@MrMellow_Yellow @amphipod_crypto @3LionsMedia @Coins_Kid @jungleincxrp @BCBacker @XRP_Shark @Fame21Moore @Bordeau_XR