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PolarHusk
Jul 8, 2020 2:43 PM

XRP/BTC (Weekly Bullish Signs?) 

XRP / BitcoinBittrex

Description

XRP/BTC

-this coin has been in a downtrend since the start of 2019
-the price has entered the area of dynamic support
-there is a bullish divergence on the weekly RSI
-the pattern is forming a potential reversal channel
-we have two scenarios here
-if xrp is unable to break the downward trendline
-it may go down 1 more left before attempting to change the trend
-or if a successful break above 2400 sat
-then, we can say a temporary bottom at 1900 sat for reversal chance
-overall, things are looking good in the mid to long term technical view
Comments
ProjectSyndicate
good deal, I like it.
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