XRP preparing for a move! long term: SHORT, short term: LONG
XRP went downwards since July.
XRP and its SMA's behaved similary from July to September '19.
XRP going sideways for the last 2 weeks.
Major support at 0.15$.
50 SMA still under 200SMA.
Momentum at approx. 0.
RSI at around 40 and lower on larger timeframes.
So for the short timeframe i see XRP at around 0.21$ or even 0.25$ (within a week or 10 days) like it did in September but then it all depends on BTC: If BTC decides not to dumb in mid-january like it used to do the last 3 years, we might start a new uptrend.
If BTC dumps we might fall back to 0.15$. We know the (pretty consistent) mid-january pattern so IMO the burden of proof is on the bulls to convince the bears why XRP or BTC or both wont dump.
XRP and its SMA's behaved similary from July to September '19.
XRP going sideways for the last 2 weeks.
Major support at 0.15$.
50 SMA still under 200SMA.
Momentum at approx. 0.
RSI at around 40 and lower on larger timeframes.
So for the short timeframe i see XRP at around 0.21$ or even 0.25$ (within a week or 10 days) like it did in September but then it all depends on BTC: If BTC decides not to dumb in mid-january like it used to do the last 3 years, we might start a new uptrend.
If BTC dumps we might fall back to 0.15$. We know the (pretty consistent) mid-january pattern so IMO the burden of proof is on the bulls to convince the bears why XRP or BTC or both wont dump.
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.