ICX must close above 4500 sats for us to go higher. But RSI is overbought at the moment and Btc looks weak. IF we can break out of it with volume expect some massive run. Bitcoin dominance looks weak so I expect altcoins to have more room for growth
Finally finally managed to break out of the falling wedge so it's looking bullish HOWEVER we all know XRP is very shady and scammy. So I wouldn't be surprised to see it dump again soon.
But as an analyst I have to look at the Chart only and it is bullish and targets are around the yellow boxes. Let's see if XRP can finally do something logical this time or if...
Clear symmetrical triangle forming. Volume is picking up. Bitcoin dominance still dropping and favoring altcoins.
With patience this can pay off big.
If 3000 sat breaks and closes daily candle above we can go further.
Entry: Current MP
Stoploss: Below 2500. Tight stop since bitcoin is acting like a slut
Although I know XRP is just a pure scam and eventually will not be here...RSI is oversold and its coming to an end of the curve so I expect some sort of bounce to around 20 cents before dying. Around 2200 sats
XRP is one of these coins that you should never hold and only use it to trade...most of the times short.
Every pump you get from xrp you can pretty much...
Although I hate Ripple and Xrp with passion I have to admit that this chart looks very bullish. So as an analyst I have to just go by what the chart tells me.
Xrp seems ready to go for the upside soon. Falling wedge has been broken slightly and also there is a BULLISH DIVERGENCE on daily time frame.
As long as Bitcoin goes sideways this should play out...
Bitcoin is looking bearish when we look at the weekly chart.
If we close today's candle engulfing the green candle next to it thats another confirmation that bears will be in control.
Also price is going up while the volume is declining which also indicates it's corrective nature.
Going into a bull market from here is highly unlikely in my opinion until we test...
We clearly broke the uptrend line on daily chart. We retested it already and 2nd candle also closed below it. This confirms downtrend.
Rsi is also below the horizontal trend line.
Don't over complicate things.