XRPBTC looks like it is in a good risk to reward position to go long on the weekly chart. The MACD is turning bullish if the weekly close confirms the crossover. Regardless, with the MACD already so low it would be pretty difficult to cross back down again without a major sell off. This is crypto, so I'll have to monitor that situation.Stochastic RSI is also leaving oversold conditions and could provide some relief in the coming weeks.
As for the price, I'm expecting it to test resistance from the previous supports that failed recently. If you've looked at other ideas I've posted lately, you can see other altcoins hitting their previous supports that failed, and
XRPBTC has yet to do so. XRP has a cult like following and likely won't be lost in the bear market, so I'm thinking this is a great spot personally.DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.