Possible major bull pennant nearing completion. This analysis is based off the 4HR timeframe.
It's worth noting that Bitstamp has seen new ATH in XRP Daily volumes since the "ides of March" selloff. Dwarfing the volume seen in the 2017/2018 pump.
Stochastic RSI looking like a triple bottom setting up a nice spread for a bullish cross.
RSI finding support at the bottom of the bullish zone.
top down analysis using only these indicators is pointing towards a bullish outcome in the near term while the daily & weekly timeframes may soon need to retrace/consolidate.
Regardless of short term price movements I am long term investor with thoughts that XRP will be used in global trade in a large way rather soon. Many other cryptos will too. If you spend enough time looking into things I don't understand how you could write off the blatant potential & obvious truths.
Best wishes to all. Hate me or love me.
Not Financial Advice. Results Not Guaranteed.
It's worth noting that Bitstamp has seen new ATH in XRP Daily volumes since the "ides of March" selloff. Dwarfing the volume seen in the 2017/2018 pump.
Stochastic RSI looking like a triple bottom setting up a nice spread for a bullish cross.
RSI finding support at the bottom of the bullish zone.
top down analysis using only these indicators is pointing towards a bullish outcome in the near term while the daily & weekly timeframes may soon need to retrace/consolidate.
Regardless of short term price movements I am long term investor with thoughts that XRP will be used in global trade in a large way rather soon. Many other cryptos will too. If you spend enough time looking into things I don't understand how you could write off the blatant potential & obvious truths.
Best wishes to all. Hate me or love me.
Not Financial Advice. Results Not Guaranteed.