Ripple Prepares To Move Up (Short-Term Analysis)

2 wrz 2019

Ripple (XRPBTC) is showing signals of an upcoming move to the upside, can grow by as much as 5% or anywhere between 3-5% in the short-term...

Let's take a look at the signals for Ripple (XRPBTC):

• We can see XRPBTC moving out of the Bollinger bands and a green candle showing up after.
  
  
• We can see some clear higher lows coming back from the 14-August.
  
  
• The RSI is showing hidden bullish divergence and it hit a new low recently.
  
  
• First barrier to break is EMA5 (0.00002616) followed by EMA10 (0.00002631). If XRPBTC can close above these levels, it is pretty easy for it to move higher and go pass EMA100 and touch the upper blue trendline.
  

Conditions for change: If XRPBTC moves lower, you can expect for support to be found around 0.00002500, followed by 0.00002400 as the main support. A close below these levels would invalidate the above signals.

Where do you think Ripple (XRPBTC) is headed next?

Share your thoughts in the comments section below.

Namaste.