XRP - Spike incoming?
XRP has a history, at least since July 2020, of explosive runs after the 1D 20MA crosses above the 1D 50MA, and it usually begins from a relatively high position on the RSI between 50 and 60 and the MACD MAs above the zero line.
In the case of the most recent cross, it occurred with the RSI at 59 and the MACD MAs above the zero line, so this current structure, if I can call this current confluence of factors a structure, is completely consistent with past price spikes. These spikes have resulted in gains from 73% to 260% from the time when the event occurred.
Could we be seeing a similar breakout occur now?
Let me know what you think.
In the case of the most recent cross, it occurred with the RSI at 59 and the MACD MAs above the zero line, so this current structure, if I can call this current confluence of factors a structure, is completely consistent with past price spikes. These spikes have resulted in gains from 73% to 260% from the time when the event occurred.
Could we be seeing a similar breakout occur now?
Let me know what you think.
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