XRP/USD Momentum gaining in price
XRP is gaining momentum as our Proprietary Oscillator is flashing a positive divergence. The yellow box is showing that price has been consolidating for 12 days now while our Oscillator crossed above the zero line (buy signal) and is continuing to accelerate higher. Support at .75 has held 4 times in the last 12 days and now price is approaching resistance at .90. There is a lot of talk about a settlement with the SEC with the unsealing of documents and accumulation has been taking place for a couple weeks. With a positive divergence with our Oscillator a settlement may finally be a realistic outcome coming soon. If a position is taken on XRP make sure you are using a stop loss or mental stop loss as this market is still vulnerable to huge whipsaws. This is not a recommendation to buy or sell so please DYOR. If you have any questions please let us know.
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