VinanceYT

XRP/BTC Bullish For The First Time Since September 2018

Long
BINANCE:XRPBTC   XRP / Bitcoin
XRPBTC is bullish and here is why. First of all, the price is out of the falling wedge which has formed since the low of september 2018. The price has made it's resistance support and after that, it went sideways for a small period of time. Secondly, on the weekly timeframe, the price hasn't been able to rise above the 21 weekly ema. Since Februari 2019, the price went below the ema and has been using it as resistance several times. Two weeks ago, the price closed above the 21 weekly moving average and it seems like Ripple wants to test it as support. When that happens, and I think it is likely it will happen, Ripple is bound to see much higher prices.

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