Ripple Potential Bounce, Higher Low, Falling Wedge Chart Signals

4 באוג׳ 2019

Ripple (XRPBTC) produced a higher low compared to the 11-July after 4 days of retrace... There is no volume on the drop so we believe a small bounce can happen here.

Looking at the chart above, we have a broken falling wedge and XRPBTC touching the lower end of the Bollinger bands, these are all potential bounce signals.

Bollinger bands:

We will be looking at Ripple on a shorter time frame by looking at the XRPU19 instrument.

Do you believe that Ripple (XRPBTC) can have a bounce here? Share your thoughts in the comments section below.

Namaste.