It looks like XRP is about to be out of woods.
If BTC does stay above the downtrend channel , I believe XRP will follow BTC. Right now XRP is just lagging a little as all the attention has been shifted to BTC lately.
If BTC does stay above the downtrend channel , I believe XRP will follow BTC. Right now XRP is just lagging a little as all the attention has been shifted to BTC lately.
Note
Looks like XRP will need more time to consolidate since the wedge has now broadened. MACD is going towards 0, meaning not many trading actions recently. Just going to sit back and watch until BTC has broken out of the inverse h&s.Note
Are we going to close the 4hr candle above the neckline of the inverse h&s? There might be a chance as MACD still has a lot of room to go up! Or is XRP going to wait for its big brother to break above the inverse h&s first?
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Disclaimer
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.