Ripple (XRPUSD) has been moving lower since it hit an All-Time High in January 2018... Multiple signals are pointing to Ripple hitting bottom and getting ready to move up... Let's take a look:
Ripple vs US Dollar Bullish Chart Signals
Ripple has been in a long bear market, retracing for a full 2 years period... The bottom might be in already.
Trading volume has been going lower and lower. Bearish momentum is dropping.
Ripple moved below the strong support (marked blue) just to quickly bounce above it. Last time this level was broken a new bull run followed. Right now this level was tested as support and Ripple managed to close above it... This is a strong signal.
Long-term higher lows (1, 2, 3).
Bullish divergence on both indicators, MACD & RSI (charts below).
Break above EMA10.
RSI above 40 (which is strong on the weekly).
Bullish divergence with the MACD:
Bullish divergence with the RSI:
Additional details can be seen on the chart.
Where do you think Ripple (XRPUSD) is headed in 2020?
Share your thoughts and charts in the comments section below.
Namaste.
Comment
⋅
Latest Bitcoin Update (Please come and support us)
Thanks for sharing. I like how you use long-term investment, for an ROI of more then 500% in half a year. Only crypto ;). That said, I do believe you are right, but expect it to cross 1 USD earlier.
I see the same- plus its hard to ignore the weekly MACD cross/up-ticking histogram every time that has happened (historically speaking) XRP pumps hard...I also see a symmetrical triangle forming (H4 gives the best view IMO) and I am just waiting to see which way it breaks...its getting very close now...and my gut is telling me that it will break upwards!
There is no way that the powers to be will allow XRP to be more than a few bucks each, but we have seen stranger things in crypto, havent we? I personally feel like this is going to bounce between .22 and .35 until mid next year. I wrote up a short and figured price will drop a couple of levels back to .22 or so, but i think its being manipulated by press and whales as far as i can see with the escrow releases and volumes.
Pro_Trader_HTBB
⋅
@BlockNewsMedia, Maybe if Ripple stopped selling XRP by the bucketload, this coin could be worth something. Until then, it is something I won't invest in. Worthless coin by a worthless company.
Maybe if they used XRP for the banks they sign up instead of an internal crypto that no retail investor owns, then this could be anything. Unfortunately, it isn't, won't be, and I can only assume Ripple made this only to make money for their other side of the business to thrive off.
If it made it to 3$ it would overtake BTC in no1. position and we know that will not happen.
Prefer to invest in something that doesn't have trillions of coins owned by the developers. Pump and dump that coin Ripple, it is all you are good at.
Much prefer to buy BTC, make much more money than this pile of junk coin.
BlockNewsMedia
⋅
@HowToBuyBitcoindotnetdotau, I am happy to trade up my satoshis on this horse of a mirror