Ripple is trading within a Channel Up since the March bottom. The price is currently consolidating near the Higher Low trend-line but the LMACD has just made a Bullish Cross. Last time that happened, XRP touched the Higher Low trend-line and started the aggressive rebound towards the Higher High trend-line. Notice also how the RSI made contact with its March ascending trend-line.
All the above point towards a bottom (Higher Low) and all eyes are on the next Higher High, potentially at $0.4000 (based on the decreasing rate of each rise).
Most recent trade on XRP on a perfectly calculated bottom buy signal:
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sharp technical overview and nice summary. thumbsup!
PolarHusk
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ThanksForSharing
BDG
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To make money with XRP in the past you could not hold it for more than a month. It is a poor performer compared to Bitcoin. If you catch it from the bottom to its peak a month later you can make money on it but it is a short term hold. It will outperform Bitcoin only for around 4 weeks when it shoots up then it will die off. Take a look at my chart and see if you think it is still a long term hold or will it be different this time around?
GoldBasis
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Finally after 2,5 years of waiting ... hope you are right!
nakg3
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no, if above .3288, it will blast through ATH. #altseason2020