Ripple (XRPUSD) Support Found? What's Next!

I just analyzed Ripple (XRP) against Bitcoin (BTC), XRPBTC, but the XRPUSD charts look a bit different.

Here, we have signals that support might have already been found.

- We are looking at a bounce from a December 12th breakout price level, with a negative 8 count on the TD Sequential.

- We have Bullish Divergence on the MACD and the STOCH is on the bullish side.

- The RSI is moving up from a low point.

- The weekly chart has drawn two consecutive reversal candles. These are strong bullish signals.

So keep an eye out for Ripple (XRP), as it might move up soon into the positive.

Note: This is not a trade advice. Trade at your own risk.

Thanks a lot for reading.

Please like, comment, share & follow for more FREE and Amazing great analysis for all of the best ALTCOINS within the Cryptocurrency markets.

Namaste.
P.S. Check my "Related ideas" for additional trades and posts on Bitcoin.

코멘트:

If I receive enough likes, comments and follow I will update with targets and additional information (a trade idea).

코멘트:

Thanks for all the likes and comments.

I am looking at the chart and it needs a bit more time, we need to wait for the signal before opening a trade.

It is very likely that it will follow the market and this is a critical support level where we are sitting at right now but there is still the chance of this one being pushed a bit lower.

It is also important to know that Ripple (XRP) is one of the most manipulated coins in the market. So it can be down now, but when it takes off it keeps on going and going.

Keep up with the likes, follow, shares and comments... I will do a full trade analysis with all the details once we have enough.

Thanks again for the support.

Namaste.

코멘트:

I will let the XRPUSD chart playout, I will post the trade with targets, buy and stop loss once we find and confirm a bottom.

코멘트:

XRPUSD might be hovering around its bottom. This price level held for an entire month, if price takes off from here, we can start moving...

코멘트:

We have strong bullish divergence on the MACD daily timeframe chart: