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centuo
Jun 13, 2020 3:49 PM

XRP getting bullish in the XRPUSD daily chart Long

XRP / US DollarPoloniex

Description

In the last few weeks, we can see that the daily XRPUSD chart is forming a bullish divergence when comparing the daily RSI and the XRP price action (yellow lines). It is expected (with a 60% of probability) to be closed to a reversal in the XRP price in the following weeks.
Comments
VincePrince
Interesting perspective
RollingHavoc
interesting... i see a rounded top that's about to roll completely over.
centuo
@RollingHavoc, good point, but you can also check the descending wedge that it is forming since January 2018 in the last two years. This descending wedge might be broken in the following weeks and we could start seeing a reversal in the XRP monthly chart price action. I have published this idea regarding the descending wedge just now ;). Thank you for your comment.
RollingHavoc
@centuo, i see continued sideways / downward-ish action for the foreseeable future.
centuo
You might be right. Time will tell.
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