Ripple and Ethereum Price Analysis: XRP/ETH Bull Flag Potential

HodlX Guest Post  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

TradingView

Follow us on Facebook            Join us on Telegram            Follow us on Twitter

Check Latest News Headlines

ADVERTISEMENT

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, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.