VFCrypto
Long

XRP Key Level Confirmed, 40-50% Upside Trigger?

BITSTAMP:XRPUSD   XRP / U.S. Dollar
As discussed in our original XRP analysis last week, we mentioned that 40-50% upside could be brewing. If we take a look at the XRP price action the last 5 years, we can assess the 100 day moving average. The last few times XRP has accepted these resistance levels, it has rallied substantially. In our full XRP analysis , we again outline the chart and show you how the key level was just confirmed early this morning. One can argue that the XRP bull case has now been triggered. This is nothing new... for the last month now, XRP has been building up momentum despite Bitcoin and other altcoin losing market dominance. The bull case is coming to fruition.


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Comments

so, closing above 0.287 daily garanties everything?
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VFCrypto microdosinkrypto
@microdosinkrypto, No nothing is guaranteed in crypto or any chart analysis. But it's a strong theory, especially if we apply it to the long-term chart opposed to looking at a daily chart or shorter-term less relevant in our opinion.
Reply
@VFCrypto, I know nothing is guarantied, I was wondering if that's the only thing 'needed', and if overbought conditions don't matter
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