XRP/USD

Here is a daily chart XRP against USD

The price holds above 30-day and 60-days moving averages and the first is about to cross the second which makes this combination attractive as an entry point if we believe that rally was a start of something bigger.

What about the indicators, RSI is testing the 50th level and MACD stays above the zero.

On the 4 hr scale, indicators are bearish but the one thing here is very interesting is the volume, It is grown and a direction we will try to check in the order books. In general, it is better for the asset when the volume growths.

Market depth shows 'Bids' advantage around 20% it is more than 6 millions. The picture looks bullish and one more point to be bullish for now.

Weekly MDR shows a divergence between the price and 'Bids' and that is another one point to be bullish on XRP.

Conclusions:

If you are bullish

Entry- $0.265 area (a false breakout would be perfect), stop - $0.243, take - $0.30

If you are bearish

Entry - $0.245, stop - $0.27, take - $0.197