Johnny_wa

XRP/BTC Showing Bullish Divergence

Panjang
BINANCE:XRPBTC   XRP / Bitcoin
XRP should be on your radar for short term profits. The XRP/USD chart is sitting at support and XRP/BTC is showing bullish divergence on the daily chart. This looks like it could be a turning point in Ripple, though trading against the trend is typically not suggested. Wait for confirmation with whatever system you like to use. From where we sit right now it would be a 50% move back up to retest the support that was broken at the end of June at 0.000041. That being said the chart looks nothing but bearish so be cautious.

Waiting for RSI to cross the 50 level could help put the move in your favor

Check out my XRP/USD analysis

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