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It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher.
While XrpUSD has substantially broken it’s down ward trend line , XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle .
All though MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line , similar to this .002 support area we are in.
If this .002 level holds and head towards the .0027-.003 area, and eventually get a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
-Sherem
While XrpUSD has substantially broken it’s down ward trend line , XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle .
All though MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line , similar to this .002 support area we are in.
If this .002 level holds and head towards the .0027-.003 area, and eventually get a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
-Sherem
Comment:
previous Ripple analysis:
Comment:
Looks like this was a good indicator of ripple moving up. Still more room once it breaks these highs
