The last time we looked at Ripple (XRPBTC) on the weekly timeframe, we looked at the long-term view.
Let's now get closer and see what is happening daily.
XRPBTC hit a new yearly low. In fact, these are the lowest prices for Ripple vs Bitcoin since December 2017... Once we hit bottom, the only place left to go is up!
This is now the MACD for 2020:
Now, additional details are on the chart.
The targets are marked and also the support levels.
If prices drop below the red dashed lines, the early bullish signals we are seeing become invalid.
Currently, prices are now trading above EMA10 with volume slowly starting to increase. A daily closure above EMA10 is necessary to confirm this analysis. (Closing today above 0.00001655).