The MACD indicator on the XRPUSD Monthly Chart is looking quite bullish as shown in the crossing of the MACD line and signal line moving averages highlighted by the yellow circle. In this case, the MACD line is already above the signal line showing a bullish sign as well as possible upper momentum from this point. Also, we are nearly at the end of the symmetric triangle (dotted white lines) which has been 3 years long already, signalling a possible strong breakout targeting at least 0.6 to 1 dollars per XRP.
As mentioned in previous ideas, Ripple XRP has important events coming in November 2020 and also December 2020 where the Flare Networks will be introduced to provide SmartContract, Lending and in general DeFi features to Ripple XRP. If in addition to this, Ripple could also have regulatory clarity for XRP or Ripple could decide moving to another country to get this regulatory clarity, this will also help increasing the price action. Remember that this is non financial advice and it is only for training and information purposes.
As mentioned in previous ideas, Ripple XRP has important events coming in November 2020 and also December 2020 where the Flare Networks will be introduced to provide SmartContract, Lending and in general DeFi features to Ripple XRP. If in addition to this, Ripple could also have regulatory clarity for XRP or Ripple could decide moving to another country to get this regulatory clarity, this will also help increasing the price action. Remember that this is non financial advice and it is only for training and information purposes.
