Ripple Strong Recovery After Bitcoins Drop!

Ripple (XRPBTC) moved down with Bitcoin today but is recovering much faster.

On the chart above, we can see how XRPBTC moved down and touched the thin red trendline only to quickly move back up above support in the form of MAs (moving averages - colored lines).

The last candle closed above EMA10 and EMA50 after bouncing back up, giving this pair bullish potential.

For further confirmation of recovery, it is safe to wait for the daily candle close:

If this one closes above 0.00002780, then we have a stronger signal that Ripple will continue higher vs Bitcoin.

Thanks a lot for your support.

Namaste.

Comment:

Nice recovery and now gaining momentum to the upside.

Let's see how it goes.

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Namaste.

Comment:

Breaking new highs... Can go higher.