As I promised, let's analyze interesting altcoins for my Crypto brothers, to start we will consider $XRP
On the weekly charts, I observe a downward trend. The MACD indicator has a clearly defined bearish divergence at the highs, and the balance volume indicator shows a continuation of the downward trend (the moving average has not been breached from below to above)
Bullish divergence on daily charts indicates a possible imminent breakout of the descending trend line. As long as the price has not settled above the descending trend line, the price movement should be considered bearish. Assess the risks when buying the asset now!
The conclusion I draw for myself is this: as long as the descending trend line is not broken, I am not considering purchasing this asset. A settlement with at least seven daily candles above the trend line will give me confidence in the growth.
