Cutting out all of the indicators and using just the basics of trading shows us that XRP is a great investment. The chart shows clear support in a year long demand zone. We are also near the end of a descending triangle with a golden cross on the daily. A break out of the triangle should be enough to set us on another long anticipated bull run. Keep an eye on bitcoin dominance! Once bitcoin starts losing steam, look for that money to flow into the alts. The fact that XRP is now easily accessible on Coinbase should help this bull run tremendously.
Note
BTC dominance at resistance and rejecting weekly 200 EMA
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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.
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.