XRP is in an interesting place that cannot be underestimated. After strong declines with huge volume, we hit new low levels on the XRPBTC pair. Here I want to point out a few factors that confirm that XRP may experience a huge boom in the coming days.
First, it was during the recent declines that we achieved what is known as total liquidation. Many items were closed due to the crisis in the case of the SEC, which resulted in a huge volume visible in the analysis.
Secondly, we have reached the "sell-out" levels on the D1, W1, M1 axes, which is a very strong indicator that the declines have ended and a new benchmark cycle has started.
Three is the current consolidation similar to the recent one before the 180% upward move. XRPBTC is characterized by the fact that it behaves quite cyclically and it is easy to catch interesting opportunities here.
The fourth is a consolidation on BTC that makes pairs to BTC begin to break away and rise (probably the alt trailer of the season).
The fifth are the MACD indicators that keep turning upwards (for aesthetic reasons, this has not been shown in the chart.
I emphasize that this is my opinion and my perception of what may be happening in the coming days or weeks on this couple.
Previous analis.
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