XRP appears to be repeating a pattern that lead to a break above the 50MA. I've color coded the circles and marked the flow with arrows. As the XRP/BTC pairing drops, it compresses the candles so I apologize for having to cram everything together for the more recent price action.
Mean reversion is the assumption that the price of any stock will return to its average price over time. If you check out my BTC analysis, a bump and run formation is a reversal pattern that should be sending BTC's price down over the next few weeks. Since the XRP/BTC pairing has an inverse relationship, XRP should be moving back towards the mean.
Mean reversion is the assumption that the price of any stock will return to its average price over time. If you check out my BTC analysis, a bump and run formation is a reversal pattern that should be sending BTC's price down over the next few weeks. Since the XRP/BTC pairing has an inverse relationship, XRP should be moving back towards the mean.
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XRP has crossed above the 50MA and already tested it with the start of the new candle.
