AlanSantana

Ripple Can Growth 500% Against The Dollar (820%+ Long-term)

AlanSantana Updated   
Ripple (XRPUSD) has been moving lower since it hit an All-Time High in January 2018... Multiple signals are pointing to Ripple hitting bottom and getting ready to move up... Let's take a look:

Ripple vs US Dollar Bullish Chart Signals

  • Ripple has been in a long bear market, retracing for a full 2 years period... The bottom might be in already.
  • Trading volume has been going lower and lower. Bearish momentum is dropping.
  • Ripple moved below the strong support (marked blue) just to quickly bounce above it. Last time this level was broken a new bull run followed. Right now this level was tested as support and Ripple managed to close above it... This is a strong signal.
  • Long-term higher lows (1, 2, 3).
  • Bullish divergence on both indicators, MACD & RSI (charts below).
  • Break above EMA10.
  • RSI above 40 (which is strong on the weekly).

Bullish divergence with the MACD:
Bullish divergence with the RSI:

Additional details can be seen on the chart.

Where do you think Ripple (XRPUSD) is headed in 2020?

Share your thoughts and charts in the comments section below.

Namaste.
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