XRP/BTC and XRP/USDT are both showing signs of support and also signs that rapid expansion may be comming soon.
The BBW indicator is a tool that is used to indicate the range of the bollinger bands, a tight bollinger band means a high volatility move is likely to happen.
At the moment the BBW is at it's all time low. indicating that we might see a big move up ahead.
Also we can see large increases on the XRP/BTC longs on Bitfinex, this might indicate that market makers are building positions while keeping the price down
- XRP/USD finds itself on a suppotline dating back since mid 2017
- XRP/BTC finding support from 2 supportlines
- XRP/BTC longs are building rapidly
- XRP/BTC 4h shows bullish divergence
- XRP/BTC 4h bullish engulfing candle
- XRP/BTC STF shows ascending triangle
- XRP/BTC falling wedge
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