Strange XRP SignalI say it is a strange signal but not in a bad way... Give me a few minutes of your time and just let me explain, ok?
The first peak happened in early December and then right away the candles are big. As the first low is hit in early December, the candles become big and prices move up.
Then there is a second peak mid-January and the candles become super big. "Big candles" as in high volatility, enormous price swings. With the market bearish, these swings continued until 7-April.
On the chart, there is a fair recovery and some growth and then comes this very strange signal, the candles become really small. 13-April through 21-April very small candles, low volatility; prices continue to grow.
Then again, 28-April, the last peak and volatility is almost zero. Seven days XRPUSDT moves lower but there is no new lows, the price remains strong. This is a bullish signal.
When the market was bearish, prices were moving down with force. Now the market is bullish confirmed because when resistance is hit, there is no bearish force, no bearish action no bearish momentum; just consolidation before additional growth.
A strange signal but in a good way.
Hold easy, XRP will resume growing in a matter of days.
Namaste.
