TiborVrbovsky
Long

The Sleeper has broken the Overall Downtrend! What's next? XRP

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hey!

I am back with another Idea, this time looking at XRP.

XRP was in a triangle formation from which is has broken upwards and have not seen a major move, just yet.
It has seen some move, but very light one, only about 6%.

RSI shows clear uptrend currently in a bullish level above 60.
Daily RSI has found support at 40 from where it has bounced.
EMAs shows buy signal.

So the overall downtrend has been broken.
Bitcoin is pretty bullish and XRP is pretty behind Ethereum , so he has a lot to catch up.
These are all good signs, even that XRP is so behind of Ethereum , because do not forget, that XRP has pasted Ethereum many times, even for some days!

I am not saying that XRP will overcome Ethereum , I am just saying that strong move is expected if Bitcoin remains bullish as it is now!

Hope you have liked my idea, if you agree with it, dont forget to leave that "agree button" blue.

Thanks, and as always I will keep you updated.
Comment: Daily bullish 40 RSI bounce with the help of RSI bullish formation are now facing current RSI resistance of 51 to 53 area, from there a breakout can happen very easily.
Comment: hourly RSI has performed a double top bearish pattern, currently xrp is looking to retest support levels or an uptrend.
Comment: 4H chart has failed to find support at 60 bullish rsi level, which is shame. But, there is still uptrend RSI potential and XRP can actually find support on the downtrend that was broken to continue uptrending, will keep you updated.
Comment:
Quick look at daily chart.
RSI has to find support at previous resistance, or bounce from 40 level.
MACD is still showing steady buying wave.
0,32$ is current support.
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