fxstreet.com 02 Feb, 2021 08:00 am

XRP trapped within bullish bias

XRP trapped within bullish bias
The price action of Ripple has been volatile and huge with movements and ATR through the roof, for the highest levels again since late November to end

The price action of Ripple has been volatile and huge with movements and ATR through the roof, for the highest levels again since late November to end of Dec 2020.Daily ATR The following is a top-down analysis that illustrates the recent price action and where the next opportunity might show up on the daily and 4-hour time frames: Monthly chart It's been getting busy in crypto again!p XRP trapped within bullish bias The price action of Ripple has been volatile and huge with movements and ATR through the roof, for the highest levels again since late November to end of Dec 2020.4-hour charts, 1 The 4-hour basis identifies the levels better.

4-hour charts, 2 Given the bullish bias on the longer-term time frames, bulls will need to see price get above the resistance, where a restest of the structure would be probable.Weekly charts, 1 The price has been volatile with huge price swings on a weekly basis.

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