XRPUSD H4 I can see: 1-Bullish Divergence. 2-Golden Cross over on EMA. 3-RSI shows overbought position for the first time in about a week, usually it has been below 60%. This could be a possible bullish sign as more buyers are willing to Buy and hold XRP.
At this point i dont think Golden Crosses mean anything. To many BOTS trading for whales, they are making plenty of money day trading without ever having to actually do any research.
I am almost convinced XRP does not move until Regulations come into play and utility truly puts it a step ahead. When it does it will explode, but until then...
Sikandarrazzaq
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@MrCheckfire, I agree. I am just trying to understand how the market is behaving. Thanks for your feedback.
MrCheckfire
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@Sikandarrazzaq, Its very unpredictable and i have given up on TA for the most part. Especially when it comes to XRP, it acts irregular to everything else. The gameplan for it has always been to build a worldwide platform for it to function on. Supply, Demand & Valuation will be created as people hold it and use it slowly in every day life. There will come a time where looking at a chart for XRP is pointless because it will have less than 1% cause & effect on XRPs value.
I use tradingview to monitor buy positions, thats it.
I am almost convinced XRP does not move until Regulations come into play and utility truly puts it a step ahead. When it does it will explode, but until then...