pablo.lo.rivadeneyra

XRP Looking more bullish than BTC

After the dive down from blue sky highs XRP had struggled to keep momentum but is now looking more bullish than BTC, as it has broken over its downtrendline while BTC has not. 26 period EMA acting as support right now, the bulls need to hold that as we complete consolidation from the huge peak yesterday. An uptrend on the RSI suggests that this move upward cannot be held for very long, so look for a decrease in bullish activity over the next few days. The trendline support is my target for that move back.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.