XRP PRICE SEES MIXED SIGNALS ABOVE $2 XRP / U.S. dollarBITSTAMP:XRPUSDRocksorgate⚡️ Happy Sunday, as usual gonna keep this short and quick, got a bit going on with our markets today so let's check things out. ⚡️ Following the recent rally XRP experienced up to that $2.40 mark we can see that things indeed have reversed as we're getting some pretty mixed signals for the market above $2 with the market us showing a lot of caution right now. ⚡️ While it's great we got the rally it's clear the market wasn't able to sustain that upward momentum, especially after our 20, 50 EMA's converged prompting the reversal and ultimately setting us up for the horizontal channel we're dealing with currently. I'll add a chart below for reference: ⚡️ If your not familiar with a horizontal channel it's just a channel that forms when price consolidates and the market isn't too certain what the next move may be to sum it up in short term. We want that breakout but just as we can get the breakout to the upside, the same logic applies to the downside and as I write this it looks like we're getting this bearish confirmation and that exit out of the channel now. ⚡️ The 20, 50 EMA's have also converged on the 30 minute timeframe and it seems we're losing the 200 EMA on the hourly which would likely prompt some more selling, especially without a good support or some change in demand. This may also trigger some liquidations or stop losses if we break that $2 mark so definitely set tabs and an alert in case that happens. ⚡️ I'm confident as always in XRP, just last week alone XRP ETF's hit a trading volume of over $219 million marking a double from the week prior highlighting just how much interest the asset is pulling and it's only a matter of time before things kick into gear, whatever happens now is just the noise. I'll be waiting for the performance if you get what I'm saying. ⚡️ Anyway, I have to go but set that alert for $2 and keep in mind we're focused on the future, not the noise, and as always thanks for everything and wishing all the best till next! Best regards, ~ Rock '