Ripple Can Growth 500% Against The Dollar (820%+ Long-term)

3 Nov 2019

Ripple (XRPUSD) has been moving lower since it hit an All-Time High in January 2018... Multiple signals are pointing to Ripple hitting bottom and getting ready to move up... Let's take a look:

Ripple vs US Dollar Bullish Chart Signals

• Ripple has been in a long bear market, retracing for a full 2 years period... The bottom might be in already.
  
• Trading volume has been going lower and lower. Bearish momentum is dropping.
  
• Ripple moved below the strong support (marked blue) just to quickly bounce above it. Last time this level was broken a new bull run followed. Right now this level was tested as support and Ripple managed to close above it... This is a strong signal.
  
• Long-term higher lows (1, 2, 3).
  
• Bullish divergence on both indicators, MACD & RSI (charts below).
  
• Break above EMA10.
  
• RSI above 40 (which is strong on the weekly).
  

Bullish divergence with the MACD:

Bullish divergence with the RSI:


Additional details can be seen on the chart.

Where do you think Ripple (XRPUSD) is headed in 2020?

Share your thoughts and charts in the comments section below.

Namaste.

4 Nov 2019

Catatan

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