XRP and the 200 Daily MA !
In Previous 2 instances where XRP tested the 200 Daily MA ,
it got rejected and had to consolidate under it before breaking out and when it did ,it outperformed many top alts during that phase as the breakouts were explosive where it retraced to 0.786 .
Interestingly XRP was below 200MA in both bear markets in 2014-17 and 2018-20.
Every time XRP broke 200 Daily MA !!! It exploded to the upside.
Will it retrace straight to 0.702-0.786 region if it breaks the 200 Daily MA ?
It will be interesting to see how it plays out .
NFA
it got rejected and had to consolidate under it before breaking out and when it did ,it outperformed many top alts during that phase as the breakouts were explosive where it retraced to 0.786 .
Interestingly XRP was below 200MA in both bear markets in 2014-17 and 2018-20.
Every time XRP broke 200 Daily MA !!! It exploded to the upside.
Will it retrace straight to 0.702-0.786 region if it breaks the 200 Daily MA ?
It will be interesting to see how it plays out .
NFA
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