TLDR: XRP poised Bullishly against ETH, BTC and USD.
The 12h chart is one of my favorites for planning swing trades and so I turn to there. The RSI/Stoch/StochRSI indicators which have become popular recently show a rising floor on the suggesting a shifting in control from bears to bulls and that is confirmed by the fact the has just dipped but stayed over 50. The green arrows show that there is no divergence we need to worry about peak to peak so we should be safe to set some new peaks before XRPUSD has another major retracement. The shows HIDDEN and a cross below 20. I expect the will move bullishly above 8880 and spend a lot of time above 20 just as I expect the to spend a lot of time over both 20 and 50. Also, the black dotted line shows that previous resistance has become support.
The MAs and EMAs are not that helpful on XRPUSD right now at the 12h. The red arrows shows the MAs as a hot mess after the September pump and show a very immature stacking of the moving averaged. A more mature move happens after the price action has gotten very tight and then the price begins its “Stealth take off” and all of the MAs and EMAs began to gradually unfurl into a bullishly stacked position, with price action being over the 20, which is over the 50, so forth so on. That almost never happens with XRPUSD, it is such a volatile asset.
The right end of the chart shows price action got narrow and now the MAs as starting to unfurl bullishly and soon we should have our complete stack. The EMAs have are also just on the verge of having that stack. But we have seen XRPUSD get smacked back down before so some more assurances is desired.
The weekly charts and the OBV w/EMAs certainly seem to justify a big move is in the works. The horizontal line shows where previous resistance in 2017 has become support in 2019. The upward sloping purple line shows rising support. The 13 and 48 EMAS have been broken and generally those predict explosive moves for crypto. So we have a couple of platforms that XRPUSD could blast off from with EMAs, MAs, and horizontal and rising support. The OBV shows that we are about to have a stacking there, with the the OBV above the 100 , and the 10 and 20 looking to cross bullishly. The major resistance on this chart is the 100 which I think will be broken in short order. Moving average traders should be looking for your usual break through with a possible retest.
XRPETH shows that XRP is staged rather well against ETHUSD using the and , which are the bread and butter of finding divergences. Lots of divergence with the floor that developed late march and the floor that developed in April. Those oscillators have turned the corner with CLASSIC and next hope to see this trend establish a higher low with HIDDEN . This puts XRP ahead against ETH, and I have shown in my linked post how I am on ETH.
I hesitate to use the OBV EMAs with most exchanges because of how spoofed the can be and since XRPETH isn’t a pair on Kraken I do this with some qualifications, but seem that the OBV situation for XRPETH has found a floor and is taking off from there.
XRPXBT looks insane. This pump as created a half mast which suggest massive gains, and that is poised within a potential , with even more gains. The cloud had its first twist in a long time and we have the structure to get over. The key thing I will be watching for XRPXBT is the OBV with EMAs. The 100 can still act as resistance and kill this move against our asset class benchmark.
I have a high-risk appetite and XRP has taken a lot out of me because of that and now I think I have a great setup against it. It looks great against its 3 biggest trading partners and it just received a massive punishment against its crypto pairs and I think it is undervalued. There is all over the place, there is previous resistance becoming support all over the place, and the situation appears to be confirming my suspicions. This might be the take off I have been waiting for. But XRP pumps sometime last months or sometimes only days. This trade is going to require a strange combination of patience and monitoring considering how quickly XRP can take your gains away.