It's been a while since my last analysis on the XRPBTC (Ripple vs Bitcoin) chart... This is one of our favorites.
XRPBTC printed a higher low on low volume... This retrace is coming to an end.
Many other altcoins pairs have a similar chart, a strong retrace that produced a higher low, and ended up in a strong bullish breakout, this can happen for Ripple as...
Technical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002950 to 0.00002400). if so, traders can set orders based on Price...
closing the longs on xrp btc , let this 4 h pan out ..so booking the profits on it , if this 4h close here & next candle close with a red one it can make hidden bear divergence . so looking for better entry as of now .
As the last green line denote final support , i m filling my bags of xrp from 2900 till 2600 sats . .. i already bought some 2880& keep averaging anything below it , till 2600sats .
its just 1 week i claimed this trade & i know people r impatient & so they loose money .
#xrpbtc i like this pair ... one of the most hated cryptocurrency on crypto twitter till the time it don't pump , a dead thing for long & uncomparable pump machine when it becomes alive .
Now comes the TA part ... as can be seen in this weekly layout , price action is coherently touching the support area (green line) with SUPPORT on RSI & STOCHRSI ...it happens...
