Ripple (XRP/BTC) Technical Analysis

in #cryptocurrency7 years ago (edited)

Ripple Reversal.png

I am using TradingView for charting with the Binance exchange pricing.

From the graph you can see the a strong break above the 50EMA on the 1-hour chart. If you look at the 4-hr it's crossed it too.

This confirms the reversal, making a buy a high probability trade right now.

Currently looks like a pullback, making it a good entry right now if it is only a pullback.

Crossover of 13 and 21 EMAs as well, which is another confirmation.


As always, this is not financial investment advice, just my own technical analysis. It's always wise to make your own analysis before making any investment or trading decisions.


Happy trading! :)

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