Technically, Ripple has been able to re-conquer around 50% of the lost land since its previous bottom last March, although price action still trading under the bears' domain.
XRP has shown today an excellent bullish momentum, alongside with MACD supporting the uptrending bias forming a crossing buy-signal.
However, it is still too early to confirm a clear bulling trend as price action must first be able to break:
1. trendline from price compression
2. 200 SMA
Fundamentally talking, last week confirmation from Japan and the about to happen use of XRP in the country's ATM system, and later the news from ODL (On-Demand-Liquidity) reaching all-times high has given to the altcoin a lot of support.
XRP has shown today an excellent bullish momentum, alongside with MACD supporting the uptrending bias forming a crossing buy-signal.
However, it is still too early to confirm a clear bulling trend as price action must first be able to break:
1. trendline from price compression
2. 200 SMA
Fundamentally talking, last week confirmation from Japan and the about to happen use of XRP in the country's ATM system, and later the news from ODL (On-Demand-Liquidity) reaching all-times high has given to the altcoin a lot of support.
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.