XRP / Bitcoin
Panjang

XRPUSDT | W | Heikin Ashi Candles | In search for the bull run

Like all alts, XRP is over due for a bull run. Of course, we are held down by CBOE\CME futures contracts expiring soon. Also ETF approval and delays drive price action. Soon as futures contracts go long on BTC and soon as ETFs backed by BTC is worked out, we will see a massive bull run on BTC and all alts.

Now the day whenever that happens where ETFs backed by BTC are approved. BITCOIN won't be stopped. In 2003, ETFs backed by Gold was approved driving Gold from 0 to 146 bil in 8 years.

Check out the chart. Not an expert but Stoch RSI has been at 0 for for the last 35 days and the downtrend has been going on for 3 weeks past its would be run up time.

MACD however is showing no sign of uptrend yet and Moving averages are not showing an uptrend also. so we still have a ways to go. lets hope not but my buddy loves XRP and wanted to see what research I can dig up on it.

If you love XRP, hold on strong if you've been HODLing, Accumulate on dips if you'er a swing trader, and buy low sell high for you day traders.

Thanks, like if you like.

Trend trade Heikin Ashi style "We don't predict the trade, we trade the trend"

Penafian