Axelar (AXLUSD) has yet to see significant movement this cycle unlike alts, especially the other coins related to CRYPTOCAP:XRP ( CRYPTOCAP:XLM , BLACKBULL:SOLO , MEXC:COREUMUSDT ). As the market cycles into the lower caps I suspect COINBASE:AXLUSD and COINBASE:DIAUSD (both related to Ripple) to move.
COINBASE:AXLUSD is showing an golden approaching...
XRP on the 4 week chart looks bullish and may be at a tipping (aka inflexion) point along an exponential curve about to moon upwards quickly over the next few 4-weekly bars.
- the higher openings and higher closings have continued over the past three bars.
- the recent low was set over the July 4th weekend and was not retested during the Aug 2-5 crypto & equities...
Viewing the XRPUSD weekly chart we can see the long term stability of this token. The price bars have been hidden with only the 21, 55, and 233 SMAs displayed. Only in the past month (July 2024) have all three of these SMAs 1) pointed in the same direction, have similar slope, and 2) are closely coupled together, have minimal variation/spread.
As is known, XRPUSD has been trading within a range since its ATH. Zooming out to the 6 week chart it seems that the triangle based on the highs is now - potentially - ending, or at least doing so this year. The close of the triangle based on closing/opening prices likely after the next halving.
Orange line - base.
Red line - closing/opening prices.
Blue line -...
Do these look like correlations?
1. XRPUSD vs XAUUSD, 1W (top chart).
- gold and XRP flat prior 2019 notwithstanding XRP's 2017 bull run spike.
- gold increases 2019, moves flat 2020-2020 while XRP rises during last bull run.
- separation occurs late 2022 with gold increasing since. Will XRP catch up?
2. XRPUSD vs T10Y2Y US treasury yield curve, 1W (bottom...
The BTCUSD / XRPUSD price on the weekly chart is showing a very serious reversal of the trend that started a year ago. Ever since dropping after the initial spike following last July's SEC XRP ruling, the BTC price then outperformed XRP in the lead up to the ETFs. This is evident on the weekly chart with a 21 day SMA 2 SD close bollinger bands as there is now a >...
Viewing CRYPTOCAP:BTC weekly with 55-day SMA bollinger bands suggest a cup and handle forming. The previous bull run high in 2021 to the current year's high forms the cup. If CRYPTOCAP:BTC loses support at current levels a handle may form stretching down to $40K and not recovering to +$60K until late Q4 '24.
Wonderfi's 2 standard deviation bollinger band on a 233 SMA pinched within the previous two months. After a positive surprise earnings a few days ago (2023-11-14), the price is now back above the 55 SMA and for the first time above 233 SMA while pushing the upper bollinger band on the 21 SMA. This suggests the price has finally stabilized around the low teens and...
