Price moons on XRPBTC cause sharp turns in each moving average
First moon caused 50MA a U turn
Second 100MA U turn
Now we are approaching the 200MA's turn
The red horizontal dotted line and box in red shows a point where all moving averages were in the state that they will soon be in when XRPBTC makes its moving average U turn
Right now on the MACD we are higher...
XRPBTC is testing a long-term resistance trend going back to its January 2018 high. Getting past resistance here would most likely lead to a very high volume breakout. Its daily RSI is currently at 70 which is very bullish territory. As long as BTC can find support here, we should see fireworks. Failure to breakout might mean XRP will revisit the bottom of the...
It's time to look again at good old XRP, the historically most brutal coin to hold, and it again does confirm its reputation.
The price action of XRP has been really subpar compared to some other coins, that have already seen strong rises, in accordance to the rise of BTC to new all-time highs.
This is of course largely due to the SEC vs Ripple case, and the...
As many altcoins, XRP has started to show strength against bitcoin !!
Over the years it has built a very complex inverse Head & Shoulders pattern.
There is a very heavy bulk of resistance at the hight of the neckline !
Once this breaks price could rise dramatically......
Will be interesting to see how this further develops ....
Surprising xrp hasn’t confirmed its breakout from this pattern yet with so many monthly candles now closed above it. I’m guessing it may be more valid as a 3 month chart pattern instead which if so we should likely see this pattern breakout confirmed before June. Keep in mind this is a monthly chart so if this patterns breakout is confirmed it could still take 6...
Looking at the whipsaw on this cross, I expect a strong breakout.
The second question - why should it happen?
May be, because of BTC that should go to $25k? :))
Please also look at the idea linked below.
This is the best buying dollar cost averaging into XRP since 2016.
XRP price is sitting on the grey area which is the FIB bottom. We have been here for quite awhile and this chart has only been able to pick it up with the data we have. Currently following 2015-2017, which it is currently extended now.
To find the top we use the yellow line which indictates...