Buy the Dip: XRP
The Market is decreasing, by Nouvive’s outlook, it appears that this will not be for long. In any case, Nouvive in partnership with Nouvive Intelligence has found the perfect entry level for XRP at $0.49
What does the Technical Analysis say?
- On the 1D Higher time frame, it appears that XRP is always caught by the resistance level of either 15MA or 200MA. Such is the case as it has been caught by both as of today.
- Accumulation on the 1D HTF appears that it has decreased over the past 2 days in the event of this dump, however just as it did on the 7th of November – it will spike up again.
- RSI Stochastic on the 1D HTF has crossed over – appearing to reject a dump.
- On the lower time frames, arp appears to be using the 90D MA to reject a dump – especially as volume is decreasing – this means a large volatile move will occur.
- The RSI Stochastic is crossing over and OVERSOLD – indicating that we will bounce back off the 90D Moving Average.
Nouvive Intelligence believes that as a result of the positive fundamental drivers of this week for XRP and Ripple with the SWIFT conference – it is unlikely to decrease further than $0.488.
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