Ripple and Ethereum Price Analysis: XRP/ETH Bull Flag Potential
HodlX Guest Blog Submit Your Post
It’s interesting that both XRP/USD and XRP/ETH appear to be in the process of creating a bull flag that could drive XRP much higher.
While XRP/USD has substantially broken its downward trend line, XRP/ETH hit its all-time high area again, and could be in the process of potentially creating a massive cup and handle.
Although MACD has turned down, we are still in positive territory. Notice how RSI has been in this upward channel and is approaching this trend line, similar to the .002 support area we are in.
If this .002 level holds and heads towards the .0027-.003 area, and eventually catches a break, we will be going much higher.
Something to keep in mind.
Happy Hodling,
Sherem
Join us on Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment
You must be logged in to post a comment.