With the sentiment of XRP regarding the SEC is looking favorable,
XRP is moving towards the previous Vector candle.
5 and 13 ema are pointing sharply to the upside.
Remember, we want the moving averages to be travelling smoothly as opposed to volatile movements, this naturally will bring retraces…
The first retrace down to the 13 ema has shown support.
We are waiting for another to test the strength of the continuation of the move higher.
If they start to break down, expect notable volume around the highs..
If they break below 13ema, wait for the retrace back up to test if it is not a fake move down (stop hunt low)..if the retrace shows rejection of the 13ema, aim for the 50 ema as the next point of interest.
Mad Love
T
