#XRP / BTC ( Binance )
Buy Range : 0.00002509
Stop Loss : daily close below 0.00002400
Target 1 : 0.00003261
Target 2 : 0.00003980
Weekly :
- Price is forming a falling wedge which is a bullish formation. A break and close of the channel will be a good bullish confirmation
- Price action has gained EMA20 and facing some resistances at MA50.Its a good signal If price is able to hold above this line.
- MACD is climbing up and continues approaching to zero linea which would be bullish
- RSI bullish divergency and making higher lows
- OBV is recovering and try to keep up with the price action
- Aroon bullish cross while momentum starting to look good
Daily :
- Price was able to hold Daily MA200 after the first impulsive wave.
- Price action is bullish after yesterday green candlesticks
- OBV is flying mean CCI is having bullish activity
- RSI and CMF is holding good and XRP is having good demand behind. Volume backed to XRP as you can watch in the chart.
- If price breakdown, then orange box would be a good point to buy once again. MA50+ last resistance ( now becomes support ) should be the best spot for a new bounce up. However, I'm giving good chances for higher prices soon.
Conclusion
Ripple is a currency that many people hate. Its activity has been bearish for many months but its showing signs of recovery after an impulsive movement.
In the short term, price looks like it will try to rise again, as other big caps. However, the movements of this currency have been somewhat slow compared to other altcoins i nthids market.
As always, this is my own opinion and it can evolve as the price of the currency moves
Good luck
Mike
Buy Range : 0.00002509
Stop Loss : daily close below 0.00002400
Target 1 : 0.00003261
Target 2 : 0.00003980
Weekly :
- Price is forming a falling wedge which is a bullish formation. A break and close of the channel will be a good bullish confirmation
- Price action has gained EMA20 and facing some resistances at MA50.Its a good signal If price is able to hold above this line.
- MACD is climbing up and continues approaching to zero linea which would be bullish
- RSI bullish divergency and making higher lows
- OBV is recovering and try to keep up with the price action
- Aroon bullish cross while momentum starting to look good
Daily :
- Price was able to hold Daily MA200 after the first impulsive wave.
- Price action is bullish after yesterday green candlesticks
- OBV is flying mean CCI is having bullish activity
- RSI and CMF is holding good and XRP is having good demand behind. Volume backed to XRP as you can watch in the chart.
- If price breakdown, then orange box would be a good point to buy once again. MA50+ last resistance ( now becomes support ) should be the best spot for a new bounce up. However, I'm giving good chances for higher prices soon.
Conclusion
Ripple is a currency that many people hate. Its activity has been bearish for many months but its showing signs of recovery after an impulsive movement.
In the short term, price looks like it will try to rise again, as other big caps. However, the movements of this currency have been somewhat slow compared to other altcoins i nthids market.
As always, this is my own opinion and it can evolve as the price of the currency moves
Good luck
Mike
Trade active:
Slow but we still holding this trade
Trade active:
We still holding this coin. Pullback completed