XRP ANALYSIS

XRP is looking really strong on the daily chart. Wait no, Ripple is looking good across all time frames and pairs (BTC & USD). Let's take a quick look. - Yesterday we had a strong candle almost full green, today the momentum is keeping up and the up movement remains. - We are sitting at the EMA50 line, which can work as resistance, once this level is broken we can expect additional growth up (magenta line on the chart).

• The MACD just crossed over and it is showing plenty of room for growth.

• The RSI and DMI are trending upward and showing plenty of room for growth. The STOCH is bullish but in the upper side, might be pointing to a very small retrace, this is not a big signal though. We remain very bullish .

• Volume is also good in the last few days of trading, which is a good signal that backs up the rise in price we have been having the last few days.

Note: This is all based on the daily chart .

• The short term 1h, 2h and 4h charts are all looking overbought on the RSI but the rest of the indicators are extremely bullish . This can lead to a small retrace or sideways action until the RSI levels out.