XRP has a history, at least since July 2020, of explosive runs after the 1D 20MA crosses above the 1D 50MA, and it usually begins from a relatively high position on the RSI between 50 and 60 and the MACD MAs above the zero line.
In the case of the most recent cross, it occurred with the RSI at 59 and the MACD MAs above the zero line, so this current structure, if I can call this current confluence of factors a structure, is completely consistent with past price spikes. These spikes have resulted in gains from 73% to 260% from the time when the event occurred.
Great work, could you please make long term wyckoff or Elliot analysis similar to your Btc one?
SunnyHillCapital
⋅
100% in agreement, good work!
Check out our chart, let us know what you think.
Crypto-Swing
⋅
@SunnyHillCapital Thank you. I find Elliott Waves too subjective to be a leading indicator myself, but I like what you have done there. Thanks for sharing.🙏❤️
SunnyHillCapital
⋅
@Crypto-Swing, Fair enough, thanks for your feedback!
jan1000
⋅
dat is een mooie ta ziet er goed uit goed werk man