Ripple (XRPBTC) Retrace Is Over!
Updated
In my last update I mentioned a signal that we were waiting for to know if Ripples (XRPBTC) retrace is over.
This signal was a break above EMA10 and EMA100 on the daily time frame.
Here you have the daily chart:
- As you can see, a strong green candle showed up that broke above EMA10 and EMA100. This is our signal.
- A daily close above these levels confirm the retrace is over.
On the main chart above we are looking at the 4H time frame. We can see huge volume and momentum building up and the last candle.
Expect additional bullish action from Ripple (XRPBTC) if it closes above resistance.
Feel free to leave a comment if you have any questions.
Namaste.
This signal was a break above EMA10 and EMA100 on the daily time frame.
Here you have the daily chart:
- As you can see, a strong green candle showed up that broke above EMA10 and EMA100. This is our signal.
- A daily close above these levels confirm the retrace is over.
On the main chart above we are looking at the 4H time frame. We can see huge volume and momentum building up and the last candle.
Expect additional bullish action from Ripple (XRPBTC) if it closes above resistance.
Feel free to leave a comment if you have any questions.
Namaste.
Note
Previous analysis: ![Is Ripple Done Retracing? Maybe Not! [XRPBTC] @alanmasters](https://s3.tradingview.com/y/YwfVQztz_mid.png)
Note
Fully confirmed. Ripple (XRPBTC) is showing really good strength.The USD pair (XRPUSD) is also looking good but not as strong as the BTC pair.
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