InvestingScope

XRPBTC: Approaching its Bullish Break-out Point

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POLONIEX:XRPBTC   Ripple / Bitcoin
XRPBTC has been consolidating for the past 30 days (1D RSI = 47.639, MACD = 0.000) having previously failed in July to cross the 0.00004030 Resistance, which was previously the 1W Support.

The same price behavior has been spotted during the previous cycle. The candle action is identical and as such we have concluded that we are approaching the major Bullish Break-out point.





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