XRP/BTC (binance) - Quick update

p12 (25)in #xrp • 7 years ago (edited)

XRP seems to be moving slowly, below we can see strong support at .0618 fib and former top. I believe we might bee in a descending triangle. Breakout will probably take some time due to a lot of coins upwards momentum and lack of volume.

12h chart

Small tick upwards
12h macd & RSI

The end of triangle is around 8 days from now (18 may), but at the moment I would wait and see how XRP plays it out. Alt. go for a small, longer position.

FA: Seems to be a lot of news coming up and announcements for ripple. xRapid pilot test, Zebpay getting XRP/pair and rumor of Coinbit listing XRP tomorrow.

#btc #ripple #bitcoin #binance

7 years ago in #xrp by p12 (25)

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