Weekly Analysis by Xago’s Crypto Master – 16 August 2021

by | Aug 16, 2021 | Jurgen Kuhnel's Crypto Insights

#XRP is trading on a green 4 according to the TD Sequential trading method, which sets XRP for a potential 5 more weeks of upside. A huge week last week took XRP past the 21EMA and the resistance zone at R14.50 with no fanfare at all.

There was a small uptick in volume accompanying this move but you can clearly still see lower volumes than during the previous bull run. This is something to keep an eye on as this move unfolds.

Smaller timeframes are oversold and a bit of a pullback could be expected before the run continues.

 

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