Ripple (XRPBTC) Retrace Is Over! Long

XRP / BitcoinBinance

Description

⋅ Jan 30, 2019 12:30 PM

In my last update I mentioned a signal that we were waiting for to know if Ripples (XRPBTC) retrace is over.

This signal was a break above EMA10 and EMA100 on the daily time frame.

Here you have the daily chart:

- As you can see, a strong green candle showed up that broke above EMA10 and EMA100. This is our signal.

- A daily close above these levels confirm the retrace is over.

On the main chart above we are looking at the 4H time frame. We can see huge volume and momentum building up and the last candle.

Expect additional bullish action from Ripple (XRPBTC) if it closes above resistance.

Feel free to leave a comment if you have any questions.

Namaste.

Comment

⋅ Jan 30, 2019 12:32 PM

Previous analysis:

Comment

⋅ Jan 31, 2019 2:39 AM

Fully confirmed. Ripple (XRPBTC) is showing really good strength.

The USD pair (XRPUSD) is also looking good but not as strong as the BTC pair.

Comments

Silvertoe

⋅ Jan 30, 2019 1:25 PM

SWIFT partnership in the works

ProjectP

⋅ Jan 30, 2019 3:22 PM

@Silvertoe, With R3? Leggo!

Silvertoe

⋅ Feb 3, 2019 10:49 PM

@ProjectP, Yeah they are doing a proof-of-concept with a few banks for settlements, facilitated by the XRP currency.

AlphaTradeZone

⋅ Jan 31, 2019 3:08 PM

UnknownUnicorn1615160

⋅ Jan 30, 2019 9:29 PM

Could XRP end this crypto winter? It has overtaken ETH to become the second largest coin by market cap again! Nice fundamental news today on SWIFT + technical bounce off the oversold RSI. But most rallies in this bear market have been quite disappointing.

Here's my take on when to get bullish on XRP.

GettingAnotherMillion

⋅ Feb 3, 2019 7:12 PM

I don't want to crash your party, .... ok nvm. fully confirmed

davidvillarreal.sa

⋅ Jan 30, 2019 5:56 PM

I got that green 2 above green 1 on the 4H, beautiful entry