🚀 Major Resistance Levels:
$0.69
$0.73
🔍 Trend-Based Fib Extension Targets:
$0.79
$0.85
$0.96
📊 Key Indicators and Insights:
1️⃣ Accumulation/Distribution Indicator:
Showing steady growth in accumulation is a positive sign for XRP.
2️⃣ Chaikin Money Flow (CMF):
Indicating an increase in money flows into XRP, potentially signalling growing interest.
3️⃣ Correlation Coefficient:
XRP is showing signs of decreased correlation with Bitcoin.
Recent examples of XRP not following BTC's price movements include May 27th, June 30th, and July 8th.
Currently, the correlation is around 70%, down from 100% last week, suggesting potential independent price action.
4️⃣ Parabolic SAR:
When SAR dots move below the price, it's a bullish (buy) signal.
This indicator is more effective on shorter time frames, complementing the accuracy of MACD.
5️⃣ Relative Volatility Index (RVI):
Reading between 65 and 85, signalling a bullish sentiment.
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.
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.