XRPBTC Bullish Divergence

Jun 26, 2020

XRPBTC

As you can see in the chart, we have a huge Bullish Divergence on the RSI indicator on the daily chart, for the XRPBTC pair, where the price is going down while the indicator is going up, which is bullish.

Not to mention we are kind of breaking out of a falling wedge also.

Seems like this could finally be the bottom for XRP in terms of BTC. We pierce below the key 20,000 satoshi level, but it seems like we are claiming it back again.

The last time we had a bullish divergence like that, it resulted in a big rally for XRP, back in late January. Will see if history repeats itself.

Good Luck to You

Jun 27, 2020

Note

It is holding at the 50% retracement level.

Jun 27, 2020

Note

A fake-out break, the it went back inside the Falling Wedge. Will see if we get a real break-out next week.



Good Luck to You