Long XRP / Short Bitcoin
Updated
Looking at BTC/XRP trading pair... bottom right quarter of screen.
XRP is currently gathering bullish momentum, while BTC is gathering bearish momentum.
Zooming out BTC is actually in a huge descending triangle against XRP.
RSI is currently at long term resistance line and appears to be turning down.
Also note, XRP/USD pair is forming a 'golden cross' 50 day/200 day moving average crossover.
If XRP make a push in the next couple of days (and BTC/USD doesn't drop too much), there could be fireworks.
Expecting to see XRP overtake BTC in market cap value in next few weeks.
*Opinion only - not financial advice*
XRP is currently gathering bullish momentum, while BTC is gathering bearish momentum.
Zooming out BTC is actually in a huge descending triangle against XRP.
RSI is currently at long term resistance line and appears to be turning down.
Also note, XRP/USD pair is forming a 'golden cross' 50 day/200 day moving average crossover.
If XRP make a push in the next couple of days (and BTC/USD doesn't drop too much), there could be fireworks.
Expecting to see XRP overtake BTC in market cap value in next few weeks.
*Opinion only - not financial advice*
Note
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