The moving averages EMA 9/26 moves slightly towards a possible cross at $ 0.33 so an entry from my point of view would be efficient if XRP makes the crossing with a high level of volume which plays an important role in this movement.
Key Highlights
- XRP increases more than 9%
- Moving averages with possible bullish crossing
- Market with rising numbers (so far)
Analyzing the XRP/USD one-day-based chart, we can appreciate the momentary bullish movement experienced by the Ripple XRP. While this movement generated profits for those who bought below $ 0.29.
On the other hand, we see the RSI with a strong movement towards the line of 50%. These, along with the volume, indicate a momentary upward panorama from which we can take advantage in the event that we have a mobile stock exchange with a high purchase volume.
XRP/USD 1 day time frame chart
At the moment, it is best to wait until XRP achieves at least a cross between mobile stockings with a notable level of volume in which we can place $ 0.40 as target.
Technical indicators
- Moving Averages EMA 9/26
- RSI (Relative strength index) 45%
- Support $ 0.28
- Resistance $ 0.41
 Wednesday, January 30, 2019){kind=link}