A promised a new full update for XRPUSD, so let's do it.
Spoiler alert: 100% bullish.
In a previous trade idea as I tried to spread some FUD I "looked" at two potential scenarios, which isn't my style.
The chart is either saying something or it isn't. The chart can have mixed signals but we can't.
The chart today is 100% clear and this is what it says: XRP is ready to grow.
Classic bullish signals
Moving above EMA10 daily.
Rising volume (not shown).
Major positive news just hit the market.
Major uptrend sustained.
Long-term higher lows.
Young MACD bullish cross.
There are many more signals but these are enough.
A closer look at the MACD (daily interval)
- Notice how the MACD printed a lower low while XRPUSD printed a higher low between now and November 2022. That's hidden bullish divergence.
- The bullish cross is when the blue line (MACD) crosses upward the orange line (Signal).
You can expect a new high in this wave. Last time it hit 0.927 so it should go much higher... Let me know in the comments if you want me to predict the exact next high... I can do it!
Namaste.
Nota
Next high likely to hit around 1.32.
Nota
1.74 Is also possible but we will have to wait and see how it all develops. It seems that even bigger, better news coming in in September for the Crypto-market.
Nota
Bullish alert!
My dear followers, looks like this is it. I just wanted to give you a nudge/head start.
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