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XRPUSD Bullish Cross on the LMACD. Eyes on $0.400.

  • September 15, 2020
  • Posted by: Tradingshot Articles
  • Category: Uncategorized
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Ripple is trading within a Channel Up since the March bottom. The price is currently consolidating near the Higher Low trend-line but the LMACD has just made a Bullish Cross. Last time that happened, XRP touched the Higher Low trend-line and started the aggressive rebound towards the Higher High trend-line. Notice also how the RSI made contact with its March ascending trend-line.

All the above point towards a bottom (Higher Low) and all eyes are on the next Higher High, potentially at $0.4000 (based on the decreasing rate of each rise).

Most recent trade on XRP on a perfectly calculated bottom buy signal:

XRPUSD Two good case scenarios: $0.24 and $0.30.

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Tradingview link:

https://www.tradingview.com/chart/XRPUSD/G5CALnzi-XRPUSD-Bullish-Cross-on-the-LMACD-Eyes-on-0-400



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