It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher.
While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle.
All though MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line, similar to this .002 support area we are in.
If this .002 level holds and head towards the .0027-.003 area, and eventually get a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
-Sherem
While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle.
All though MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line, similar to this .002 support area we are in.
If this .002 level holds and head towards the .0027-.003 area, and eventually get a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
-Sherem
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previous Ripple analysis:
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Looks like this was a good indicator of ripple moving up. Still more room once it breaks these highs