XRPBBT Points to to more upside for XRP against everythingXRP continues to awaken after its long slumber against most cryptos and fiats and when it gets going everything else gets rektd. This 12 hour chart makes use of the multi-time frame bollinger bands to show the daily BB in orange and weekly BB in blue and the Volatility Stop. The MACD is the version created by Tom Asprey and I find it very useful for reasons I shall expound. The main bother about this analysis is the discrepancy between the various xrp/bitcoin charts based on exchange.
First things first is the price popped below the the daily bollinger band and below the weekly baseline and then flipped the switch on the volatility stop for this timeframe. That is a very advantages opportunity for scalpers and investors alike to put an order on.
Here is the description of thats going on the main chart, plus the 12H Bollinger band. A massive amount of Bullish Divergence, the price action below the 12h and daily Bollinger band set up a great buy opportunity. One period later and the hwite space begins to develop.
Those capital AND statements are important. There are a lot of things that have to occur for this condition to be recognized and when you see them your ability to put a trade on and sleep well improves.
Let me be clear... there is still a chance that we could see even more bullish divergnece, which would require a lower low. But what is the total context? The BTC hash ribbon has printed a buy signal, we have central banks committed to endless quantitative easing, btc continues to set new highs.
And if it seem ungainful onto you to long XRP, chose this day what coin or token you will long, whether the coins and tokens of your fathers (BTC, LTC, DOGE) that served you prior... But as for me and my house, we will YOLO XRP.
