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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
