Is now the time to buy XRP with BTC and USD?
Chart shows that 3 daily candles have just broken above the down trend that has lasted 1 year and 9 months (shown as red dash line). Price is currently just below uptrend that started in Feb 2017 and has lasted 2 years and 8 months (shown as green dashed line). The breaking of the uptrend line is concerning but it could be overshoot to the down side… too early to tell at this stage. Chart also shows MACD crossover on daily… there is also a MACD crossover on the weekly. (not shown on this chart). Daily and Weekly charts are both showing some serious bullish divergence on the RSI ( also not shown on this chart). Furthermore, the asset has had a lot of good news but the price has continued to go down. Could this be due to the narrative that all altcoins are going to zero spread by the bitcoin maximalists… a Narrative propagated by whales that own the crypto media space… those same whales have probably been gradually filling their bags with XRP.
On top of that XRP/USD pairs are showing very promising signs… If the weekly candle closes above the uptrend line, will have time to buy? Very interesting scenario to say the least.
Chart provided for educational purposes.
Trade if you can afford to lose and don't buy crypto on credit.
:)
Chart shows that 3 daily candles have just broken above the down trend that has lasted 1 year and 9 months (shown as red dash line). Price is currently just below uptrend that started in Feb 2017 and has lasted 2 years and 8 months (shown as green dashed line). The breaking of the uptrend line is concerning but it could be overshoot to the down side… too early to tell at this stage. Chart also shows MACD crossover on daily… there is also a MACD crossover on the weekly. (not shown on this chart). Daily and Weekly charts are both showing some serious bullish divergence on the RSI ( also not shown on this chart). Furthermore, the asset has had a lot of good news but the price has continued to go down. Could this be due to the narrative that all altcoins are going to zero spread by the bitcoin maximalists… a Narrative propagated by whales that own the crypto media space… those same whales have probably been gradually filling their bags with XRP.
On top of that XRP/USD pairs are showing very promising signs… If the weekly candle closes above the uptrend line, will have time to buy? Very interesting scenario to say the least.
Chart provided for educational purposes.
Trade if you can afford to lose and don't buy crypto on credit.
:)
