So here is the monthly chart for XRP as you can see.
1) XRP is currently sitting at the rising trend line support while the top line is flat making it an ascending triangle and we all know that ascending triangles are bullish pattern.
2) We have a hidden bullish divergence as I have highlighted in the chart, which yet has to confirm. A close above the blue line will confirm the divergence on the monthly chart. Last time when Monthly hidden bullish divergence got confirmed we had a 1700% rally.
3) And the last reason is that it is a very manageable trade meaning that a monthly close below the rising trend line can get you out of the trade with minimum of losses.
NOTE: Anything can happen in the market shifts! Please do your own research since this is not a financial advice. It is just an educational idea! TRADE SAFE!
1) XRP is currently sitting at the rising trend line support while the top line is flat making it an ascending triangle and we all know that ascending triangles are bullish pattern.
2) We have a hidden bullish divergence as I have highlighted in the chart, which yet has to confirm. A close above the blue line will confirm the divergence on the monthly chart. Last time when Monthly hidden bullish divergence got confirmed we had a 1700% rally.
3) And the last reason is that it is a very manageable trade meaning that a monthly close below the rising trend line can get you out of the trade with minimum of losses.
NOTE: Anything can happen in the market shifts! Please do your own research since this is not a financial advice. It is just an educational idea! TRADE SAFE!