XRP UPDATE: SATURDAY 10.5.19:

XRP UPDATE: SATURDAY 10.5.19:
XRP/USD COINBASE:XRPUSD
YEHOK

Good morning all and happy Saturday!

XRP broke up out of this rising purple channel and has re tested the rising white one. Price could not get back into it and is now testing as resistance once again. The gold lines represent the trading range we have been in if not including the long wick marked by the purple price point. RSI is still in bullish territory on the 4H chart and MACD is showing a potential return in positive momentum. Price has bounced up from the descending purple channel and the EMAs are attempting a golden cross. The upper gold line represents the next resistance area and is in confluence with the 200 EMA on the 4H. A rejection at this level would indicate failure to go higher and a return to the previous lows established last week or possibly even lower. What happens next will be entirely up to BTC's price action.

Feel free to contact me for questions or concerns!

Remember this is only my opinion !