So what does the analysis say?
With the 231 day MA showing an uptrend, and all of the other MA's moving really close to one another we could be looking at an XRP upward movement really soon. However, we could also go further down with the 7 day MA moving under the 77 day MA. It might aim for the 231 showing the "underwater" pattern/syndrome which would mean bad news. The looks pretty good though so it might be worth it.
What will be decisive here is what the 7 day moving average is going to do. If it spikes up to the 77 day moving average we will be looking at:
- A positive 7 day MA
- A positive 77 day MA
- A 7 - 77 cross
- A positive 231 day MA
These indicators all show what we know to be true; white over blue means MONEY.
I am not going to hold for the long term. To determine the selling point I will be looking at a WOB crossover on the 1 hour chart.