Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost always lagged behind the market. Meaning there is still some hope for it to get a pop. Especially with us sitting on this crucial .
Taking a closer look at the XRPBTC pair, XRP is currently testing a 494 day old trendline. This same TL also matches the 3/1 Gan from December of 2017.
Another sign is the showing both hidden and bull divergence.
My Current Trade:
Entry: 6400 sats
TP1: 8000 sats
S/L: 6000 sats
Reasons not to trade this:
- XRPBTC has completely broken this on the log scale.
- Typically, XRPBTC pairs are not as reliable as USD
I hope you all found this interesting and I wish you the best of luck!
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