Deftsuo

XRP/BTC setting up for another large rally?

Long
POLONIEX:XRPBTC   XRP / Bitcoin
XRP/ BTC is potentially setting up for another large rally. Price has reclaimed the 10 week moving average and is trading above it for the first time in nearly 9-10 months. Price has also tapped a historic price level around 2300 sat's that has been a key pivot point throughout XRP's history. I am keeping an eye on this one and it could be setting up for another huge rally. I wouldn't be surprised to see the 20 week MA get tested and knock the price back down a bit before consolidating then making another attempt at breaking it. Ultimately, this setup on the weekly view is shaping up to be quite interesting. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> https://www.binance.us/?ref=35000668

MA Guide (All Weekly for this post):
10 MA in Orange.
20 MA in Pink.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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