XRP currently forming a clear uptrend channel
, with a short-term level approaching of .3035 (the weekly MA).
If .3035 proves resistance once again, I would expect XRP to return lower to the bottom of this uptrend channel
, only to later retest .3035.
Once XRP breaks above .3035 on the daily, the target would then be the .3150 to .3200 range.
All levels assume this uptrend channel
remains in tact. If not, I would certainly change my short-term outlook. However, with the annual Ripple event SWELL soon approaching (11/07/19), it's important to consider being long up until the conference, where historically XRP has experienced nice gains with the anticipation of the event.