XRP - Bump and Run - New Highs Coming

XRP looks to be on the verge of breaking out to the upside with a Bump and Run type chart.

We have broken out of a bearish trend, retested, and are continuing upward at this moment.

There is expected resistance on a monthly time frame around the $0.84 USD level. But I believe it will reach that area rather quickly over. From my experience with XRP it moves quickly and with high volatility. Sometimes getting these 20-35% moves in a singular day. But retraces quite strong.

The idea here is the longer time frames and daily time frame confluence. Ripple has won the status of XRP being a non security, we saw it rally to $0.95 that exact day; Then retracing the entire move. XRP dominance is beginning to bounce, and BTC & ETH have run. Alts are starting to reprice, and XRP will follow.

XRP/BTC is in a demand zone, XRP/ETH is in a demand zone. XRP/USD is breaking upward.

If I were to put a timeline on this move to 0.84 for some heavy resistance it would be in the next 3-4 weeks.

Комментарий:

XRP now up nearly 5% today. Bump and Run is still in play. BTC ripping up, a lot of alts actually bled out from this move, and I believe we see XRP as one of the only majors rally pretty heavily.

Targets are still proper and in play.

Комментарий:

XRP showing more strength.

Комментарий:

It is now breaking out, trade still in play.