XRP/BTC - Likely Low

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XRP/BTC - Likely LowXRP / BitcoinBINANCE:XRPBTCVIAQUANTThis will be a brief post, but it adds some additional support to my argument in my last XRP/USD idea, which you can find here: XRP is poised to gain some strength against Bitcoin in the short term based on this ratio. The bounce XRP/BTC has just shown from oversold conditions on the daily timeframe gives the first major signal of trend momentum flipping back to the upside. It is also worth noting that the 3D chart printed an inverted hammer on the last close, and this current candle could form a wick-off bottom, giving a solid setup for a potential reversal to the upside. There are a few other supporting reasons, but as stated, I want to keep this post brief. Watch for a move back toward the black trendline, as that will be the main test for XRP. It is an extremely significant trendline on the 3-day timeframe for XRP/BTC. Once the ratio reaches that level, I will make a follow up post and go into more detail.