XRP is currently at a level which has offered rock-solid support since August 2018, with further contact in Sep 2018 and May 2019. It may not hold this time with BTC on such a run, but if it does that could provide a strong entry point to go long. Daily RSI has entered oversold to support such a possibility, with Stochastic RSI unsurprisingly ready for a shift to upward momentum also.
Save crucial space on your Trading View chart by utilising my free to use indicator which overlays both the RSI and Stoch RSI in a clear and helpful fashion - link below.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Save crucial space on your Trading View chart by utilising my free to use indicator which overlays both the RSI and Stoch RSI in a clear and helpful fashion - link below.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Trade active:
The bounce just occurred - will closely monitor how much momentum this has.
