RATE Group | XRP Shows Bullish Signals, but far From Parabolic
77567
post-template-default,single,single-post,postid-77567,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

XRP Shows Bullish Signals, but far From Parabolic

30 Jan XRP Shows Bullish Signals, but far From Parabolic

Posted at 03:14h in Cryptocurrency News by

[ad_1]

One of the most prominent technical analysts in the crypto community recently raised a question: “Is XRP ready to explode?” The following technical analysis explores whether this cryptocurrency is indeed bound for a parabolic move. 

Golden Cross on XRP’s Horizon 

In a recent tweet, TradingShot laid out different factors that lead him to believe that XRP could be preparing to “explode.” 

The analyst explained that the moving average convergence divergence (MACD), which follows the path of a trend and calculates its momentum, is turning bullish on XRP’s 1-week chart. This technical index appears to be “printing the same sequence” as it did during the period between December 2014 and March 2017, according to the trader. 

Now, TradingShot is waiting for the 50 and 100-week moving averages to form a golden cross. Such a bullish formation could confirm the potential bullish upswing. 

XRP/USD by TradingView

Many investors view Golden crosses as one of the strongest…

[ad_2]

Source link

Tags:
, , , ,