As most have noticed, XRP seems to be lagging behind most majors in terms of percentage gains.
I noticed that the ETH/BTC price action seems very similar to the current XRP/BTC price action and both show they are making a wyckoff accumulation schedule
In the chart you can see the comparisons between both.
Furthermore I compared the XRP/ETH chart to see whether a possible reversal (XRP outperforming ETH) is likely in the near future.
As seen below, we are on a very strong support for XRP/ETH here. The XRP/ETH chart is on a weekly support block + 0.786 fib
When we zoom in we can also see bullish divergence on the daily for XRP/ETH
XRP/BTC printed a strong hamemr after retesting the 100/200 daily MA support
XRP/USDT close above strong zone yesterday
I noticed that the ETH/BTC price action seems very similar to the current XRP/BTC price action and both show they are making a wyckoff accumulation schedule
In the chart you can see the comparisons between both.
Furthermore I compared the XRP/ETH chart to see whether a possible reversal (XRP outperforming ETH) is likely in the near future.
As seen below, we are on a very strong support for XRP/ETH here. The XRP/ETH chart is on a weekly support block + 0.786 fib
When we zoom in we can also see bullish divergence on the daily for XRP/ETH
XRP/BTC printed a strong hamemr after retesting the 100/200 daily MA support
XRP/USDT close above strong zone yesterday
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.