Financial Insights That Matter
If you have been keeping an eye on the XRP-to-Bitcoin pair lately, today’s daily candle might feel like the moment things started to settle into place.
On April 7, the daily chart showed a clear breakdown below the lower Bollinger Band, which is the strongest bearish confirmation the pair has seen in months. Basically, XRP/BTC just hit its most decisive technical level since the downturn began.
Related
It dropped to 0.00002267 BTC, below the lower Bollinger Band, but then it recovered a bit. This close to the lower band’s limit does not happen often. When it does, it usually marks a turning point or the start of a fast slide. Looking at the structure, it seems like this may be a bottom for XRP versus Bitcoin.
Now that the lower Bollinger Band has been touched and recovered, XRP/BTC has officially entered the zone, where the balance should be restored. That may be a 11% move up from current levels, right to the middle band represented by the 20-day moving average.
Related
It is important to note that the daily close above the lower band is still needed to raise a possibility for this scenario. Otherwise, the slide for XRP against BTC may continue.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.