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My XRP Full Technical Report for April 8, 2021 - Broken Multiple Year Resistances Except One
DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Good day to everyone!
It has been a while since I have written a daily XRP technical analysis so today I finally decided to get back on track not only to help us decide our XRP trade or investment plans but also I feel like it is very important for us to get updated of what's going in the crypto markets in general.
So please enjoy and continue to read this article.
XRP managed to make a solid run from April month alone after finally broken the November 2020 to March 2021 triangle trend.
Volumes are back and surged convincing as the XRP redeemed its way back to the top 5 spot according to crypto total market cap rankings getting past on the heavy names like Cardano's ADA and Polkadot's DOT. In fact, if yesterday's crypto trading didn't correct, XRP could have been sitting now in the sweet top 3-4 spot where this very ranking was its place for years!
Meanwhile, XRP's volumes are back to normal and have already entered its 2nd day of consolidation period after recently hitting multi-year high at $1.11900 last April 6, 2021. But XRP fans, traders, and investors should have nothing to fret about as this is a good sign of more coming to XRP's road of redemption.
Market sentiments keep flowing into the XRP and soon good things come its way. For now we will observe and keep an eye on XRP on its way of establishing new resistances and supports.
To close my XRP daily technical report for day, I encourage you to watch my video for more in-depth analysis of what happened overnight:
Please feel free to like and share comments down below.