The Chart
- Green and Red Line on the chart represent the two different moving averages. (Top) From this we are able to see when a "Golden Cross" which represents a Bullish or Bearish sentiment that historically is followed by very high volatility. I circled the areas where the cross is occurring.
- Then the RSI. Currently XRP remains in high risk situation. Not necessary a bad thing. It implies there is current high volatility taken place. It sits above the 70 spot range. I like to compare the RSI to the energy source of the coin.
- On the bottom. Much more complicated. The ADX & DI. Simplest way to describe it. It showcases the strength of the next move. Today, you can see a wide open mouth gap be taken place. Compare historically.... very bullish sign for XRP.
I also published a simpler chart on XRP that explains WHY XRP. Fundamentally speaking, this coin has the best real world use case that crypto has to offer.
“People always want investments to go up like a line.…That’s just not reality. You make 80% of your money in 20% of the time in investing and you have to be patient.” - -
- Jeffery Gundlach
Quote that I like for XRP^
- Green and Red Line on the chart represent the two different moving averages. (Top) From this we are able to see when a "Golden Cross" which represents a Bullish or Bearish sentiment that historically is followed by very high volatility. I circled the areas where the cross is occurring.
- Then the RSI. Currently XRP remains in high risk situation. Not necessary a bad thing. It implies there is current high volatility taken place. It sits above the 70 spot range. I like to compare the RSI to the energy source of the coin.
- On the bottom. Much more complicated. The ADX & DI. Simplest way to describe it. It showcases the strength of the next move. Today, you can see a wide open mouth gap be taken place. Compare historically.... very bullish sign for XRP.
I also published a simpler chart on XRP that explains WHY XRP. Fundamentally speaking, this coin has the best real world use case that crypto has to offer.
“People always want investments to go up like a line.…That’s just not reality. You make 80% of your money in 20% of the time in investing and you have to be patient.” - -
- Jeffery Gundlach
Quote that I like for XRP^
