Monfex is at your service and today we overview XRP/BTC.
The formation is very similar to an ascending wedge, for which the target is a breakout the support line, this is also in accordance with the strong bearish divergence by RSI.
But there is also an another side where XRP is on a good bullish wave and not so far we can observe the upcoming...
Just a quick one. Xrp/btc is probably about the best bet for big gains in the near future, we are in the bullish terrotory on the rsi and i have a strong suspicion that btc will make alot of quick rallies that dont hold while it tries to bottom out on this retrace. So I am staying away from it at the moment....
In the first box, you can see Bulls needed a few weeks to make their move. The Bears needed many months trying to push for a 100% retraction that never comes.
In the second box, you can see the same pattern. This time the falling wedge is way bigger than the first.
Bullish divergence on volume (in billions), you can check it out on OBV - On Balance Volume.
THE XRP ROCKET IS VERY CLOSE TO LEAVING THE LAUNCHPAD.
THIS DIVERGENCE HAS HAD UP TO A 100% MOVE.
I'M PREDICTING EXACTLY THE SAME FOR THIS, A 100% INCREASE IN XRPBTC WITHIN THE NEXT MONTH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DON'T LET TWITTER BULLY YOU OUT OF YOUR POSITION.
LONG AND LAUGH AT THEM WITH ALL YOUR NEW SWAG.
XRP long 0.00003040, tp 0.000033, SL 0.0000029 8% target
Here we see gold candle on my custom indicator at a point were XRP has dipped and then bounced off a point of previous resistance, long on XRP for at least 8% back up to 0.000033
XRP is looking in a zone where a price bounce may occur. Bulls have been back in the ring this week but with a large sell of on binance will XRP have the strength to push back up over the 3500 Sato mark.
My position is LONG till January 2020 buy range 2800 - 3200 sato.
Target 4500 sato.
Volume has been heavy for xrp leading to speculation of the bulls back in...
It looks like XRP is due to move upwards, to reclaim the horrific time it has had over 2019.
If you are looking to buy use BTC, this could get interesting if this does start to reclaim some of those losses.
Don't forget to check out the links below.
The same depressive trend line holding down this extremely powerful asset. Is it a matter of time before this breaks out with Bitcoin dominance topping and an impending bitcoin correction, now seems the perfect time for Ripple to begin a meteoric climb. I have entered from $0.30 and will add down to $0.20 if necessary.
The longer price is aggressively supressed,...
No big fan of Ripple as an actual project. However it does have that mix of public awareness, low 'per unit' cost, and 'community members' who think it's the next Bitcoin.
That all equates to some big, dumb price action at some point this year.
Last three times, it bounced hard off a major support and did between 200 - 1000%.
Looking at this chart, I see it...